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Reply to "How rich are people buying 1-1.5 mil homes?"
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[quote=Anonymous]Not necessarily "rich". We have a few friends who admit to over-leveraging their finances when buying their $1.2M-$1.5M home because they wanted to get into X school system. Also, if you don't have kids your $$ stretches further etc. So this is a pretty big generalization. Playing along FWIW... HHI is $400K, NW ~$2M, home $1.3M [/quote]
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