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Reply to "Why do people buy houses on the basis of 2 salaries instead of 1?"
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[quote=Anonymous]When we bought our house, we were lucky. It was the end of the recession. Houses were CHEAP and interest rates were low. We bought way under what we were approved for from the bank. We absolutely could afford the house on one income. We'd have to be careful, but we could do it. Now? In my neighborhood, houses have doubled cost, taxes have gone up and there's no way we could comfortably afford it on one income. The reality is that MOST people can't afford a 2 bedroom apartment in an iffy neighborhood on 1 income. [/quote]
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