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Reply to "I don’t understand how my neighbors are paying for their renovation"
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[quote=Anonymous]It's the childhood home for one of them, so it probably doesn't have a mortgage. and a $500k refinance mortgage on $160k HHI is doable. And "is there really that much family money floating around" isn't really the question. The question is whether this particular family has money, or whether an aunt died and left them $250k and they are spending it on this renovation, or whatever. But really, MYOB[/quote]
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