A reminder today that everything about personal finances is relative. A poster with a mortgage currently of under $700/month is considering one that is $2000/month. It is a huge jump, but it is for their dream home, and it is a jump the poster can afford.
When asking if she was “crazy” for considering it, most people reacted based on what housing costs are like where they live. Those in low cost of living areas cannot imagine a mortgage that high, whereas those who live in high COLAs dream about getting that kind of house for a mortgage that low.
Tags: mortgage payments, msn money board refugees, not msn money, personal finance, your money