956: Friday Q&A: Pay for College from Retirement Account, Buy Grandparents' Lake House, Salary vs. Benefits, When to Buy a House, Etc.
Radical Personal Finance
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How to Afford a House
You're at a phase in life where buying a house is very likely the right move. The question should be can I afford it based upon perceived life goals, he says. If you and your wife both have an income if you're planning to have children then do all of your calculations based on your income. A modest amount of money is going to feel more comfortable with a mortgage payment than 30-40%.
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