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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Seeing house prices as they are today, how do people afford the $1M+ houses/townhomes that will amount to nearly $9K-$10K/month mortgage? Plus I see them switching to newer cars every so often. These are two income software professionals in the household, and I don't understand the math. What am I missing?[/quote] There was a time recently where a 800k mortgage, on a 1M home, was $3,300 a month. If it’s a smaller home or townhome with minimal maintenance then you could have afforded that with like a $120k income (2 60k earners). Crazy, but that was reality. Make 150k and you could have had those nice cars as well![/quote] We have earned that income and no way we could afford a million dollar house. Be real. You have ultiiles, property taxes, upkeep, furnishing it and more.[/quote] +1 We could afford a $400k mortgage on that income. Barely. [/quote]
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