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[quote=Anonymous][quote=Anonymous]I was playing around with the Maryland database and looking up mortgages for my kids’ classmates’ parents. Blown away to find many, many $1-2 MILLION dollar mortgages. Why would anyone take this on? My spouse and I both have stable jobs and hate having a mortgage of several hundred thousand dollars. We live in a smaller (less than $1 million) house inside the Beltway. We know if one of us dies or loses their job, the other will be fine. Shocked at people, some with only ONE parent in the workforce, are taking on these giant debts! And some with kids who will be out of the house and in college in less than a decade. What am I missing?[/quote] Did it ever occur to you that some people can afford big mortgages? [/quote]
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