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Real Estate
Reply to "s/o--so how did you afford a 2 million dollar home?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]22:40 - IF you have a financial advisor, you need to fire him yesterday. Of all the people I know in $2-$3m houses, NONE of them have mortgages. They have MANY different investments, their house is just one of them. Their money is tied up many different ways, some I have never heard of (all legal, as they are audited just like the rest of us). Its not like they can hand out money like candy, their money is tied up, committed and invested very prudently. You need to look into this for yourself. [/quote] If they draw a salary an dont have a mortgage they're not very financially savy...heck, even if their income is 100% capital gains, using a mortgage at the current rates is a no brainier....not sure I buy the whole 'no mortgage' stuff... Most cash buyers are not buying as individuals but rather corporations; PE, builders, othr investors [/quote] +1[/quote]
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