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re: what are your thoughts on Lakeview?
Posted on 7/25/14 at 12:32 pm to RollTheRock
Posted on 7/25/14 at 12:32 pm to RollTheRock
quote:
Maybe it was a bad assumption on my part. I assumed he was presently in a home that he could sell. Take the profit on that sale to put down on the new house (that's the $180k you mentioned). Then if he and his wife made 200k a year (maybe even less) they could swing a 900k home.
This mindset is what gets people in trouble. Getting the most expensive house you can technically geta loan for is not the wisest decision. $200k salary with a $900k house is probably not bright.
2
Posted on 7/25/14 at 12:34 pm to NOFOX
quote:Actually that would be ok. 200k salary is about 10-11k take home pay. So one would be fine here
$200k salary with a $900k house is probably not bright.
Posted on 7/25/14 at 12:45 pm to NOFOX
quote:
$200k salary with a $900k house is probably not bright.
I'd take out the probably and just say it's flat out dumb
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