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Reply to "How rich are people buying 1-1.5 mil homes?"
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[quote=Anonymous]We live in a HCOL area but not DC, one in the NorthEast with crazy property taxes. House shopping now with a roughly 350-400k income depending on bonuses, and we'd probably put 25-40% down. $1M we can afford PITI easily, and if my income (100kish) went away we'd still be okay with the monthly carrying cost. $1.5 would be way too much monthly b/c taxes alone on these listings can be 3-4k per month. [/quote]
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