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Real Estate
Reply to "Feels like market is hitting a wall"
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[quote=Anonymous]To afford a good house even at low rates you need between 6-7k a month towards mortgage, principal, taxes, utilities, upkeep. My house for instance has a full finished basement with two bedrooms and bath. Let’s say my kid wanted to save up and newly married move into my basement. Put 7k a month into a low risk vanguard account, CD, Money Market mix it would build up quickly. It is assumed you already have savings and wedding gift money. Walk dogs, be a bartender, babysit, consult, do side jobs maybe put another 3k a month in. I guarantee you put 10k a month away at 5-6 percent interest it grows quick [/quote]
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