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Real Estate
Reply to "Who can afford 800K-1M homes? Genuine Curiosity!"
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[quote=Anonymous]We were able to do it (two high GS salaries, but I'm only PT) partially because we stretched in 2000 to buy our first house which doubled in value (we weren't high GSers then). And partially because we don't spend money on the one thing we've noticed a lot of people here spend a ton on -- our cars. We are driving two six-year-old cars we purchased used and with cash. Every other car around here is a decked-out high-end luxury something-or-other. For us a car is simply a utilitarian purchase (note NOT an investment as it will NEVER appreciate). We chose to save our money instead and were able to get a solid down payment (between savings and gains from the other house) and now live in a house worth $1.5M. We also don't go out to eat often, which saves more money than most people think.[/quote]
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