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Reply to "If your HHI is 400k what is your monthly mortgage?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Too many low mortgages here. Good for you. [/quote] I think no one mentions that they put $500,000 + down and refinanced during the pandemic.[/quote] OP didn't ask about these things. And I refinanced in 2016. Rather than waiting to afford some fancy house, people should just buy what they can afford NOW and get on the property ladder. [/quote] That doesn’t work out necessarily. We could only afford a condo in 2014, and when we sold it had depreciated in value by 2021. And there are places in PG like Capital Heights which have been low for decades. We would have been better off putting our down payment into stock market and waiting a decade to buy a SFH. [/quote]
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