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Real Estate
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[quote=Anonymous]I'm a PP with a low-ish debt to income ratio. Not at all sanctimonious about it. OUr reasons were that we do not have build up financial security--both in 40s, with young kids, not a lot saved, etc. We want to stay under 3:1 for those reasons. Also, its easier to have a low debt to income ratio once your HHI crosses a certain threshold. The COL for a family of 4 is goign to be relatively similar for people all across the board with the exception of housing--thus even if you're buying a really modest house in the area, if your HHI is 120k, your debt to income is likely going to be higher than someone making 900k, unless they've chosen to live in really outrageously expensive housing. [/quote]
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