Reply to How much do you think the typical $1M home purchaser makes?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here and I'm surprised. Our HHi is $220k and although we could put 20% down on $1M the payment would be very very tight. But I am also aware that we are conservative spenders.[/quote]

It's not that, it's what other assets you have that generally make the difference. A lot of people have other investments they can tap into, or family help.

[/quote]

Well we do have significant investments but I wouldn't "tap" them to buy a home I otherwise couldn't afford. I do think these friends make more than $250 based upon their jobs but I was still shocked by the closing price on their house. I'm naive clearly.[/quote] You remind me of my friend. Several years ago, I got a job paying about $120k including bonus, and my friend told me: "Oh, will you now be making more than your husband?" My husband makes over $200k, and I don't know why she underestimates his income by so much.[/quote]

Err... maybe because your husband doesn't disclose his income to others like you did?[/quote] I only told her that I broke a $100k mark and will be making lower $100s - and she is a pretty close friend.[/quote]

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