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Real Estate
Reply to "Afford $1.8M on 300K?"
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[quote=Anonymous][quote=Anonymous]I haven’t followed the entire thread, but has OP indicated how much savings they have? One option is to make a large down payment to make the monthly payments affordable. Our HHI is $225k and we will probably buy at $1.5 million but we have very substantial savings due to being frugal, investing wisely, and having no kids. So we will put at least 50% down and still have plenty of investments and savings left (at least seven figures left). I guess based on the comments here we will be viewed as the poors in our new neighborhood when we buy but who cares. [/quote] No, but they have indicated they don't understand why a smaller mortgage is preferable to a larger one, so I think this is a lost cause. [/quote]
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