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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You can afford a dwelling that costs around 600K - as another poster pointed out - 3x what you make. So, you should put down around 50% down (300K) on a 600K house. Have you saved for retirement? College for the two kids? Do you have insurance? [/quote] Putting down 50% is a waste of money that could be growing elsewhere [/quote] That depends. At today’s mortgage rates, it is a guaranteed 6.2% risk-free return over 30 years. Historically that was a pretty good bet until the last 5-10 years of the stock market.[/quote]
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