Quote:
Originally posted by Amputate Your Head
depends on how much you put down, the location & how much it'll appreciate & how fast, as well as what your other bills are like, if there's any additional income coming from somewhere else like say, a wife, roommates, etc.... and right down to what you're comfortable shelling out every month.
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Exactly if an area is going up 15-20% a year and you can borrow at %5 as long as you can cover the mortgage buying a 500k house it a smart move for anyone.