re: House = (x)household income

quote:

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I think mine is pretty high but we found a house we really like. On a 15 year note our payment is 32% of our net pay. I dont have a ton left over to blow on what we want all the time. Since preschool is so high but in 10 months when that is over we will live a lot more comfortable, and in 12 years when this bad boy is paid off we will really be living good.

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Somewhat similar situation, there are 30 lots left about to released that will complete our little 75 home community. Nowhere else I'd rather live, but timing is not optimal with 850/mo in preschool. That gets cut in half next year and gone in 3 years, new mtg payment will be a wash from what we pay now.