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Reply to "How does anyone find a job that pays enough to afford a home here?"
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[quote=Anonymous]They way we afford to live in our $1.2 mln paid off house is the following steps: 1. My divorced spouse boughta single house back in 2003 for $420K. We got married and paid it off after a couple of years before kids. 2. Sold the house for over $600K in 2007 3. Bought the house for $800K, paid huge downpayment ( $550K) from previous house sale money 4. Paid off the current house within 5 years that is now valued over $1.2 mln. Our combined annual gross income never exceed $200K. We were very frugal with our lifestyle; we still travelled and ate out on occasions though. Our goal was to pay off the mortgage as fast as we could. We are in our early 50s. [/quote]
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