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Reply to "Just bought an $800,000 house on a $186,000 salary and now I'm panicking...."
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[quote=Anonymous]Percentages are irrelevant. What matters is your net non-housing income and non-housing expenses. As others pointed out, your $7,000/mo income (after housing, after taxes, after retirement and health premiums) is significantly more than the gross median national household income. You will be fine. There is a separate question of how you split your income between housing and everything else. There's no wrong answer. Some people like vacations, or to retire early, etc., and others a nicer (or bigger, or better located) house. You fell in love with the house; you can afford it; enjoy it. Don't worry about comments from people who made different decisions.[/quote]
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