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Real Estate
Reply to "would you take out a mortgage that is half of your take home pay?"
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[quote=Anonymous]That depends. How much are you paying in rent now? In some parts of the country where rents are high, it makes more sense to buy and stop the increases in housing expenses. My mortgage is 2,000 and that’s what I was paying in rent for my 1bedroom apartment when I bought. Five years later, that same 1 bedroom apartment rents for 3,000 and my mortgage on my 4 bedroom house is still 2,000. Yes, I’m very glad I bought. [/quote]
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