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Reply to "People with $1.2M+ homes and getting significant financial aid"
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[quote=Anonymous][quote=Anonymous]Lots of families in my Arlington neighborhood live in $1.5M homes - homes they bought in 2009-2011 for $400-500k with a 3-4% mortgage. The parents are a HS teacher, a fire fighter, many GS 13-15 feds, a few journalists, a few nurses or physical therapists. They are not lawyers or high paid execs. It’s not their fault housing prices are so high. [/quote] We are in this boat. We bought a long time ago and our house is now worth $1.2 million despite it being a tiny home under 1000 sq ft. We have a 3.75% mortgage. I do not work because I have a health condition that is occasionally debilitating. I’m private about it and don’t have close friends at the school. No one there knows when I’m hospitalized. We get 20% FA. If you were looking from the outside without knowing all the facts you might think we were grifters. The FA people at the school know better.[/quote]
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