I'm in my mid-30s with a $425k house and am looking to upgrade to a $1.4 million home - am I biting off more than I can chew?
Briefly

The article discusses the financial considerations of upgrading to a more expensive home, emphasizing that while one may afford it, careful consideration of priorities is essential. A specific case involves a 35-year-old individual pondering the purchase of a $1.4 million home with a substantial income and savings. Although they might have the financial capability, the article cautions against spending more than 30% of income on housing, warning that increased housing costs could lead to sacrifices in other areas like vacations or savings.
Read at 24/7 Wall St.
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