Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Private & Independent Schools
Reply to "FA shouldn't go to people with 1 million dollar houses"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]If a person is in a $1M house, then either of the following is true: 1. They are paying, what, $6K per month on the mortgage, depending on the downpayment. 2. They have $700K in equity. (And to the person who said that in this market the $700K is worth less -- well then, it's not a $1M house anymore, either.) In the first case, they should be using that $6K on tuition instead of mortgage payments. In the second case, they should dip into equity. FA officers realize this. They will, however, make exceptions for the expensive medical treatments, whether the family has tons of kids, whether the parents are supporting 4 aging grandparents and they need the extra rooms in a larger house for putting the grandparents in, and things like that. But without a good reason, a $1M house is a hard sell no matter how you look at it. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
