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Reply to "I don’t understand how my neighbors are paying for their renovation"
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[quote=Anonymous]I think questions like this are fair. We all want things we can't afford so when we see someone who appears to be doing something very expensive compared to what they appear to earn it kind of begs the question "what am I doing wrong that I can't afford the same or similar thing." But to your question OP, I'd imagine the key is a gifted house and the only thing they're paying for is the renovation. Even if the house isn't gifted entirely, whatever they paid is likely much below market rate, or they're paying their parents directly and that is a whole lot easier than paying a bank who could take the house if you miss a payment.[/quote]
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