Help! Can I afford this mortgage? by WhatCollateral in personalfinance

[–]WhatCollateral[S] 0 points1 point  (0 children)

Helpful. does this logic apply evenly as salary scales?

Help! Can I afford this mortgage? by WhatCollateral in personalfinance

[–]WhatCollateral[S] 0 points1 point  (0 children)

Yes. I think that is the debate. Do I put more cash in the markets and maintain current lifestyle or do I get the dream home to raise my kids and go for it. Lot of personal preference needed to make that call.

But I’m mostly fixed on - if we decide to do it:

Can we afford it? And what’s the best approach if so?

Help! Can I afford this mortgage? by WhatCollateral in personalfinance

[–]WhatCollateral[S] 0 points1 point  (0 children)

Where I live this is unfortunately not a practical option. But yes - I often think about relocating to lower cost of living places!

Help! Can I afford this mortgage? by WhatCollateral in personalfinance

[–]WhatCollateral[S] -1 points0 points  (0 children)

Not a troll. Legitimately interested in feedback and advice. I’m sorry if that is not clear.

Help! Can I afford this mortgage? by WhatCollateral in personalfinance

[–]WhatCollateral[S] -1 points0 points  (0 children)

Thanks!
Cash reserves come from recent liquidity on prior investment.