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Real Estate
Reply to "Who can afford 800K-1M homes? Genuine Curiosity!"
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[quote=Anonymous][quote=Anonymous]1) Big Law 2) Inheritance/family help 3) Bought before and sold at profit before market crash 4) Two high-GS earners, public school 5) High-earners, kids out of daycare/nanny care[/quote] Also, people have families later. If you are earning a good salary and can afford where you are living, and then get engaged or married and the other personcan salary can basically be saved, and you do this for several years before kids, that is a nice downpayment, plus if you owned a property and bought/ sold before the crash. Now imagine with two kids and paying $2600 per month in childcare plus other child related expenses. I think it makes it harder to save a big downpayment.[/quote]
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