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<blockquote data-quote="brynm" data-source="post: 3429531" data-attributes="member: 566714">I don&#039;t see how you could afford 700,000 worth of real estate on 60k a year. according to this calc <a href="http://realestate.yahoo.com/calculators/payment.html?_submit=yes&amp;amp;id=det03&amp;amp;loanAmount=700000&amp;amp;interestRate=5&amp;amp;termMonths=360&amp;amp;amortization=2&amp;amp;submit=Submit" target="_blank">http://realestate.yahoo.com/calculators/payment.html?_submit=yes&amp;amp;id=det03&amp;amp;loanAmount=700000&amp;amp;interestRate=5&amp;amp;termMonths=360&amp;amp;amortization=2&amp;amp;submit=Submit</a>you would be paying almost 3800/month or 45,000 a year just for mortgages.Me, I&#039;m happy with the way I&#039;ve got it set up.&nbsp; Right now I&#039;m at right around 100k (this doesn&#039;t include my wife who when she goes back to work makes over 50k) and we are just moving into a&nbsp; place worth 200,000.&nbsp; It&#039;s a nice house and I can afford to take my family on vacation whenever we want.</blockquote>

[QUOTE="brynm, post: 3429531, member: 566714"] I don't see how you could afford 700,000 worth of real estate on 60k a year. according to this calc [URL="http://realestate.yahoo.com/calculators/payment.html?_submit=yes&id=det03&loanAmount=700000&interestRate=5&termMonths=360&amortization=2&submit=Submit"]http://realestate.yahoo.com/calculators/payment.html?_submit=yes&id=det03&loanAmount=700000&interestRate=5&termMonths=360&amortization=2&submit=Submit[/URL] you would be paying almost 3800/month or 45,000 a year just for mortgages. Me, I'm happy with the way I've got it set up. Right now I'm at right around 100k (this doesn't include my wife who when she goes back to work makes over 50k) and we are just moving into a place worth 200,000. It's a nice house and I can afford to take my family on vacation whenever we want. [/QUOTE]

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