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Reply to "Another can we afford this post, HHI $325k"
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[quote=Anonymous]I would not spend that much on a TH. I just bought one for $1 million. Also my take-home is much less. I make 200k. I put 24% down and still have 180k in savings/investments for an emergency. I am only keeping it for 7 years until my kids go to college and will then downsize and move. I needed a certain location and that’s the only reason I did it. Divorced with two kids. I don’t get child support or alimony. I am late 40s, college is basically covered and retirement is good. There’s no way I would buy something for 1.3 especially if it wasn’t a single-family home if I planned to live in it forever. I’m only doing it because I need to be in a certain location and I know that it’s finite period of time and that I will save money on housing later. [/quote]
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