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Reply to "I don’t understand how my neighbors are paying for their renovation"
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[quote=Anonymous]If the home is worth $900k and was a childhood home, it’s either paid off or has significant equity. They’re probably financing the renovation with some of the equity or from savings. This isn’t a mystery … You, and we, have no clue how much savings they have. They could have received an inheritance from a deceased family member or they could have been very frugal before they had kids. A lot of possible factors could explain this. The most likely is that it’s a $900k family home lol Equity.[/quote]
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