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Real Estate
Reply to "I'm moving to the suburbs"
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[quote=Anonymous][quote=Anonymous]If you don’t have private school money, how do you plan on purchasing a home in areas where the homes are all worth $1M+??[/quote] Take private school at a tuition of $45k/year per kid times two. That’s $90k per year in tuition. Plus you still have to live somewhere so probably another $3k/month minimum in housing. That’s $126k per year. Now look at a $1.5mil house so a PITI of $5500/month. That’s $66k per year. Plus you’re building equity off of all of that and perhaps gaining appreciation as well. What am I missing here?[/quote]
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