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Reply to "How rich are people buying 1-1.5 mil homes?"
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[quote=Anonymous]We were around $300K HHI when we bought our $1.3M home. The house we were previously living in, my husband bought on his own when he was making about $75k. After I moved in, we lived there together for about 8-9 years with the much higher joint income so we socked away a LOT. We put about 40% down and took out a 15 year loan on our current home, AND kept the old place as a rental. Our income growth has slowed but we're still over $400k with the rental income... our PITI is high but not unmanageable. [/quote]
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