Reply to How would you handle buying a SFH in this situation?

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[quote=Anonymous][quote=Anonymous]I started a thread last week asking about home affordability and like most posters here the general consensus is that I’m going to buy anyway.  We have good jobs and I want a house.  I realize that it’s possible that we sell in ten years or so due to unforeseen financial circumstances but the truth is that you can’t predict the future.  There could be another global pandemic in two years and rates could go back to 2.5% again - you never know!  Follow your heart.  Be prudent with your money in terms of your budget but your kids are only this age once so our take is to prioritize a comfortable home for the next decade and then sell if it becomes too much down the road.  We also aren’t real travelers and believe in state schools for college so those decisions we weighed as well.  People are always going to tell you that they wouldn’t take these risks but either they are lying or no fun!  Enjoy your life!!
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Ffs this is not about fun. What a stupid way to approach buying a $1 million asset. Sure you should understand what you value but throwing caution to the wind is what led lots of folks into foreclosure not too long ago. It’s not an impulse buy. [/quote]

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