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Can This Couple in Their 30s Afford to Buy a Home?

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Joseph and Alana Shir want to be homeowners. The question is, when is the right time to make that move?

The couple, both in their early 30s, have been living with Alana’s mother near Fort Lauderdale, Fla., for the past three years. They know they are fortunate, living in a nicer area than they could afford on one income.

Joseph Shir works as an analyst for the federal government, making about $112,000 a year. He also earns about $10,000 teaching a course online. Alana Shir is home full time with their 1-year-old daughter, Jessa. The couple hopes to have another child at some point.

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