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Real Estate
Reply to "Afford $1.8M on 300K?"
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[quote=Anonymous]A house you live in is primarily an expenditure, and not something you should think of as an investment on par with other types of investment.$2 million in stocks won't cost you around $50,000/year + in taxes, maintenance and insurance annually. Stocks and bonds can be easily sold in small increments with minimal transaction costs. No so for your primary residence. You are taking on massive leverage - a loan that greatly exceeds your assets and over-consuming in the present at the cost of your in your children's future and loss of diversification of your investments.[/quote]
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