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Reply to "How rich are people who buy 3 million dollar houses"
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[quote=Anonymous]We bought a house a bit over $3M about 10 years ago. Income was variable. I had earned just under a million several years in a row but I had 4 years earlier was $500k+. Net worth was maybe $6M at the time. The initial plan was to rent the basement apartment and if things got too tight I’d sell some other real estate I had. We put down $1M. I was extremely confident that my income would rise 10 years later my income skyrocketed and so did house value (we also put $1.M cash into it). The property is worth $7.5M today. Bottom line I don’t think either of the requirements are necessary but you would need someone on the right trajectory. [/quote]
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