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[quote=Anonymous][quote=Anonymous][quote=Anonymous]800k is now a starter home cape [/quote]

I know I’m like what luxury home can you buy for 800k?!?

Maybe if the down payment is 800k...[/quote]

I paid 1.325 million my home. Which was a 45 year old home in good shape but still replaced most windows, sanded floors and painted a few rooms before move in. I put 750k down which qualified me a confirming mortgage and a somewhat reasonable mortgage payment.

My kids still call certain kids at school the “rich kids” you know 1.7 million to 3 million homes.

I am solidly middle class. I had rare occurrence of a large severance package (11 years with company) and a new job with relocation package. Stars aligned.

I only make 165k a year now. I am back to middle class.

Crypto, tech stocks, ipo money, parental money often ends up in real estate trade up homes.

My most funny one my friend took a job at Answerthink a late 1990s consulting IPO. He was a nobody.

Feb 2000 he sold 700k worth of shares and bought a beautiful home!! Answerthink went bankrupt one year later and his old job took him back. He paid cash.

Real estate for the middle class is considered safe. [/quote]

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