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Real Estate
Reply to "Who can afford 800K-1M homes? Genuine Curiosity!"
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[quote=Anonymous]We make about $1M a year and live on Capitol Hill. But, we bought in 2003, so only paid $500,000 for our house. It is now worth about $850,000. We had to put $$ into it because it was a bigtime fixer upper (we made much less back then) but we paid for most of the renovations with rent from our basement apartment. Now we turned the basement apartment into a family room and have a mortgage of about $2500/month. We thought about buying a more expensive house in NW, but we love the Hill and like that we could both easily change jobs and take a huge pay cut and still live in our house. We just save a ton, maybe for a summer house down the road. [/quote]
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