No Cook I am NOT joking I think it is some of you guys that are living with the fairies with respect to your lifestyles.
$80k income = approx $17.5k tax = $62.5k free income
Therefore total household income after tax = $125k
$780k mortgage @ say 8% over 30 yrs = approx $70k payment.
So you are honestly telling me that you couldn't live off of $55k???? And heck we haven't even included the rent from the investment property.
Based on these numbers they should be on relatively easy street - that or they have allot more liabilities than has been mentioned in this article.
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