Quote:
Originally Posted by Deegee
People need better things to keep up with friends and family. Common sense goes right out the window.
If someone gets qualified for a $400,000 mortgage, when they go looking they will end up with a mortgage around $400,000. Sure they would be happy in a place that would leave them with $50,000 less debt, but I would suggest that rarely happens based off of what we see with people and what they are qualified for and their final purchase.
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All depends where you are a in life. Many young professionals, accounting designations, engineers, etc salaries go up quickly yet the debt remains the same.But I agree people need to look at the bigger picture a bit more.