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Reply to "How can anyone afford a huge expensive home?! "
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[quote=Anonymous]I have a $700K home on a HHI of $100K or so, because I bought a smaller, further-out place back in 1999, renovated and rode the real estate wave up. Then I took advantage of low interest rates (30-year fixed) to buy a much better place the second time around, using the equity from the 1st home. Plus I have extra bedrooms so I rent one out to friends who need short-term situations for whatever reason. That generally brings in a few thousand a year.[/quote]
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