Quote:
Originally Posted by Louis White Law
Ouch! Thing is, I know this and your right. BUT . . .
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You also said your 38 years old with two kids, make above six figures, and your net worth is below $500k.
At 38, your net worth isn't as important as your yearly income to make this purchase. If you think your yearly income will be below $150K going forward, you better pass on this for now. If your making $150 to $250K, you'll have to see if your budget can afford it if you need a loan to buy this. If your making over $250K a year, you should be okay if the wife is not a big spender?
The one's that say just sell it if you have too, plan on losing at least $10K if it comes to that.
Good luck, but remember your family comes first.