Quote:
Originally Posted by Locke
Yeah, its pretty nuts.
Further to that though, in comparison to most people that couple is making really great money. You cut that income in half and its still well, well above normal 'middle class' and that payment is simply not manageable.
Now they might be buying a mansion or who knows what the specifics are, but just as a form of scale its insane.
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I just keep doing the math in my head and it's insane. $90,000 a year mortgage payment and you're take home is maybe $200,000. How do you make that make sense? I get that leaves $110,000 after mortgage, but it's still insane.
What makes it worse is I got the sense that they don't share bank accounts and are paying it 50/50. If so, that's well north of 50% of his net income. Then the realization that no matter what investing you do, almost the entirety of your net worth is subject to the whims of the housing market