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Author: HELJinCT One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Re: Fledgeling Retirement Investor Date: 11/15/2004 6:36 PM
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Aye,

I've looked into the new home option and what it means is this:

Instead of a $1600 per month cost for the home (mortgage+taxes+insurance) and $2500 of surplus per month, I would be somewhere around $3000 per month for the home (mortgage+taxes+insurance) with only $1000 of surplus cash per month for a home around $500K.

The reality is that we can afford it. Another part of that same reality is the damage it would do to the budget (and how quickly we can save for things and reach goals with the current scenario).

Catch 22 :)
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