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Reply to "If you don't have a 15 year mortgage, you're living beyond your means?"
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[quote=Anonymous]Houses in this area are expensive and the vast majority of people cannot afford a 30 year mortgage. HOWEVER I think there are a lot of high income people that post here ($300K+) that could chose to buy lesser house on a 15 year mortgage and be better off financially but they have expensive tastes. We make $400K a year and live in a $700K house on a 15 year mortgage. Probably most others with this income would buy a 1m+ house on a 30 year and complain they could not find anything livable.[/quote]
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