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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][quote=Anonymous]Yes, and it would also be better if we had a year's salary in an emergency fund, and if we had fully funded 529s and we were maxing our 401(k)s and also if I had a pony. I make $110k. Husband makes $120k. We both have secure jobs. We have three kids. We wanted three bedrooms in DC proper, in a walkable neighborhood that we liked. That's not possible to do if we were pretending our HHI was only $120k. Everyone has to make choices. We chose to stretch a bit on our house ($860k) but we don't own a car, we never take big vacations (visit family or Great Wolf Lodge is it for us), we almost never eat out, we don't pay for expensive extracurriculars, and we buy all our clothes at thrift stores. Surely you can understand this. [/quote] I'm impressed by your ability to afford that home on that income. Congrats on your financial discipline! [/quote]
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