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That amount of money should suffice to mortgage a house if you can..people with less income buy houses in the area.

However..remember that buying a house does not save you rent. You become an owner, so either you pay rent to the owner, or you stiff him, which happens to be you.

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Definitely aware of the trade offs, doing the means test indicates I should own, I digress. There is an emotional component, which is the kids. I grew up moving from one continent to another with no sense of security. I don't want the same for my kids, they deserve stability in their lives, and I've convinced myself that as a provider I need to make that happen for them.

Renting a place you don't own is definitely unstable.

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