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Housing costs don't really make it practical in WA to put away $4k/month when you're pulling in $6-7k/month after taxes. A mortgage on any decent-ish place is going to be around $2500-$3500+ a month. If you just bought a place recently your savings were probably tapped out out to come up with the $100k+ down payment. It's definitely possible to save a lot of money, but $1 million in the bank is pretty tough IMHO.


I said "sufficiently frugal" for a reason. You can't do this if you want to buy the big house in the big city and a fancy car right off the bat.

The way you do this is fairly simple: don't buy the house. Rent an apartment (not a luxury one), possibly even share it with a roommate.

I recognize that not everybody will be willing to do this. But owning a home in a major city is a luxury these days IMHO.

Besides, this is assuming you're doing this all on your own -- no income from a spouse. Why do you need a house by yourself?

(By the way, the income figure I cited was $8.8k/month in WA after taxes, not $6-7k.)




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