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Real Estate
Reply to "How does a single person buy a house around here"
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[quote=Anonymous]OP, I understand why you're stretching to buy the most house you can. I also did this as a single 27 year old, although my tiny SFH cost far less than $1.5M. It's always been important to me to have a permanent home that I could fix up and decorate over time. If I hadn't had to make that mortgage payment, I don't think I would have had the discipline to just invest the money. I would have spent it. So, my home was a forced kind of saving. Even so, I was house rich, cash poor until I decided to take in a roommate. Not many restaurant meals or splurges. But I really loved that house and entertaining friends in it (who were still renting, traveling, enjoying a nice lifestyle). My decision paid off because by the time I got married, I had a very valuable asset. And selling it was how we bought our $2M home. [/quote]
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