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Reply to "How rich are people buying 1-1.5 mil homes?"
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[quote=Anonymous][quote=Anonymous]DH and I have a HHI of around $500k. We could afford the monthly mortgage of a 1-1.5 million house, but cannot get it together to save for a down payment. Even with saving monthly expenses, and cutting back on trips, it seems so far away to obtain. [/quote] 10% down on a $1M house is $100K - you can't save that on a $500K income??[/quote]
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