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Reply to "Thoughts on this 10 million plus McLean house?"
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[quote=Anonymous]Seriously, how big is the market for this type of house?? Redfin shows the PITI with a 20% DP as $61.5K per month. Keeping that payment as 36% of your income would require an income north of $2 million. But once you get into these astronomical, multimillion dollar salaries, I assume you have to become more conservative and assume that may not continue uninterrupted for the next 30 years. So you buy it if you make $4 million a year? How many people make that and happen to be looking for a house at any given time? Can’t be too many.[/quote]
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