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Reply to "Who can afford 800K-1M homes? Genuine Curiosity!"
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[quote=Anonymous][quote=Anonymous]Similar story here. Bought in '98 for $300k. Had made small profit on condo prior to that. Sold last year for $760k. Paid $880k for current home, but mortgage is half that. We're a two-income household of about $225k. And yes, saving for retirement and college. We just got lucky with the timing, as did many others.[/quote] this is us as well. Single $225K income. Bought current NW DC home for $1 mil but mortgage is for 500K. Made 100K on previous house, got 100K from parents, saved just shy of 400K for the down payment over 6 years when we were a dual income family living in a MUCH cheaper area prior to living in DC (we both work in healthcare where salaries are actually higher in lower-cost-of-living areas).[/quote]
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