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Real Estate
Reply to "HHI 200K - how much house can/should we afford"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]But what PPs have said is correct -- everyone's threshold for what percentage of take-home they are willing to spend on mortgage is different. [/quote] Right. I would have no problem spending $4900 a month of a 200K HHI for the first year after I purchase the house (the childcare cost is going away in one year, I think?), if it was a house I was happy with. Particularly when there is a large tax benefit to the mortgage during the first few years of the loan and [b]where home-ownership is one component of a long-term savings strategy[/b].[/quote] Home ownership provides a place to live. Relying on it as a savings strategy is outdated.[/quote] +1 See the "Are We Stuck?" thread in the Money forum, for a cautionary tale.[/quote] No [b]you moron[/b] , completely different time and they do private.[/quote] :roll:[/quote]
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