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The Water Cooler
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How much to live on?
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<blockquote data-quote="16colt" data-source="post: 4285382" data-attributes="member: 529"><p>I don’t see how young couples do it now. I’ve never borrowed over $120K for a house and w/ today’s money and housing prices, that won’t even buy a “starter” home. I’ve seen 1600 ft^2 homes around me sell for over $300K on one to two acre lots. I am afraid the “new” middle class families are going to have to make north of $100K annually to be able to afford a home, occasional new car and keep food on the table for a family of four.</p></blockquote><p></p>
[QUOTE="16colt, post: 4285382, member: 529"] I don’t see how young couples do it now. I’ve never borrowed over $120K for a house and w/ today’s money and housing prices, that won’t even buy a “starter” home. I’ve seen 1600 ft^2 homes around me sell for over $300K on one to two acre lots. I am afraid the “new” middle class families are going to have to make north of $100K annually to be able to afford a home, occasional new car and keep food on the table for a family of four. [/QUOTE]
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