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Real Estate
Reply to "Would you take a $950k mortgage on 300k salary?"
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[quote=Anonymous][quote=Anonymous]OP we had two sets of friends recently purchase around this HHI / mortgage amount too. I think it’s working fine for them - they’re doing renos and buying expensive furniture so doesn’t feel like a cash strapped situation. They have family members with $ that can swoop in and “save them” in the event of job less etc and I think that went into their risk calcs too. [/quote] Do you really know the details of friends finances. Even if they both have HHI of public record, there is no way to know if they have a large inheritance, settlement money, crypto $, or being bankrolled by parents. And these friends sound like “working fine for them” = life funded by rich parents [/quote]
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