In general yes, but many many people are doing this to attempt a “normal” home the likes of which they grew up in, and that they themselves want to raise a kid in.
OR consider a household where 2 incomes of around 150 were earned when the house was purchased, but now one earner is not earning appreciably any more…maybe a stay at home parent or illness or whatever.
Again just saying some possibilities, not the normative experience.
Isn’t a mortgage as high as your whole salary for 10 years unwise from the get go?
In general yes, but many many people are doing this to attempt a “normal” home the likes of which they grew up in, and that they themselves want to raise a kid in.
OR consider a household where 2 incomes of around 150 were earned when the house was purchased, but now one earner is not earning appreciably any more…maybe a stay at home parent or illness or whatever.
Again just saying some possibilities, not the normative experience.