Reply to Who can afford 800K-1M homes? Genuine Curiosity!

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]As a realtor I can tell [/b]you it's a combo of people who have left over money from buying and selling at peak times, people who make saving for a house the number one priority in life (above college education or retirement for example), and people who have some kind of family trust, starter money or inheritance. [b]True most of these people have hhi's close to 200k but very few are over 400k[/b].[/quote]

[b]As a realtor, how do you know what someone's income is? [/b] I have never shared my income with a realtor when buying or selling.  I'm not intending to be rude by asking, I'm just curious.  Are you seeing paperwork or are people just sharing this information with you?[/quote]

Have you EVER bought a home before?

What bank is going to hand out a loan to a potential buyer w/o knowing income?  Our realtor knew our combined income, and when we sold our home, we, in turn, knew how much our buyers were making.  [/quote]

Yes, I've bought a home before.  No, my agent didn't act as my BANK so why would she have known our income?  Why are you mixing a bank and a realtor together as though they are somehow serving the same function??   My bank provided a pre-approval letter.  Given that my realtor wasnt GIVING me money but was TAKING IT, I didn't realize that any knowledge about our financial situation, other than that we were approved for a certain amount and was putting another amount down, would be any of her business or that she would ever come across such information.  Oh, and thanks for the unnecessarily obnoxious response.[/quote]

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