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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][quote=Anonymous]OP, there are a lot of questions here. How old is the home and what condition is it in? With this thin of a margin you need to be able to shoulder an expensive repair. If the house is new and the first 2-3 years are relatively low maintenance then you can build up a cushion. I'm a big advocate of early home ownership. If money gets tight there are lot of things that you can do and the banks will work with you to help you keep your home. I would consider getting a roommate even for a year. It would make a big difference to help build a cushion [/quote] Home is 2 years old[/quote]
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