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Reply to "Buying $1.5 million home - can we afford it?"
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[quote=Anonymous]OP I have your same HHI and the highest I would want to go is $750k. However I have daycare costs and some rental properties as well that makes me behave a little more conservatively. In the absence of those obligations, I think I would not go above $850. COL is high in DC even without owning an expensive home. Can you buy a fixer upper at a lower price point, and invest in the renovations thus building your equity base?[/quote]
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