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Reply to "Who can afford 800K-1M homes? Genuine Curiosity!"
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[quote=Anonymous][quote=Anonymous]As a realtor I can tell you it's a combo of people who have left over money from buying and selling at peak times, people who make saving for a house the number one priority in life ([b]above college education or retirement for example)[/b], and people who have some kind of family trust, starter money or inheritance. True most of these people have hhi's close to 200k but very few are over 400k.[/quote] wow this makes me feel better about the fact that we can't afford an expensive house. Our budget isn't great but my DH and I each contribute 15%+ to our 401K and more money in college savings.[/quote]
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