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Real Estate
Reply to "When will these prices slow down??!!"
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[quote=Anonymous]Op I am afraid your aiming too high, even when your kids will be out of daycare you will have other needs, saving for college, higher costs of sfh maintenance, additional retirement etc.. I would stretch now (given that you have stable jobs and no risk of losing one job) to the max that is doable (meaning no vacations, no new clothes, nothing that is not necessary for 2 years for ex). Review your budget, 100K more borrowed is 500$ a month right? If you cut cable, smartphone etc... Could you save 500 a month? If answer is yes then do that and buy now at 625. If you can't it means that even in 2 years with lower childcare costs you will be housepoor with a 625 with little perspective for big improvements in the future because your teachers salaries are not going to increase like crazy suddenly ...[/quote]
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