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Reply to "How did you afford your $1M plus home?"
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[quote=Anonymous]We have a very expensive home in another city because we cannot sell it. We started in DC. We bought our first house in 1998, made about $150 and moved to another house in 2002 and doubled our value. We were able to put down 20% to buy a large home in another city. Unfortunately, we cannot sell that house and moved back to DC where we CANNOT afford a $1M house. We had to buy a cheaper home b/c all of our money is caught up in the first house. Plus, back in the early 2000s, there were many more financing options than there are today. You could do a no money down interest only loan and get into an expensive home. Those products no longer exist.[/quote]
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