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Reply to "How rich are people buying 1-1.5 mil homes?"
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[quote=Anonymous][quote=Anonymous]lol DCUM people are largely financially illiterate. They treat houses as a liability rather than an appreciating asset, and they brag about their financial illiteracy - oh, we make $1M a year but we only bought a 500k house.[/quote] I mean… we bought a house below our means because if one of us loses our job/is unable to keep working, our life won’t have to change that drastically. We don’t have family money and no one will rescue us in case of a financial crisis. I’m guessing many others are in the same boat. [/quote]
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