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Reply to "How rich are people buying 1-1.5 mil homes?"
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[quote=Anonymous]We have 300k joint annual and 1 mil NW. We just bought a 1.1 million home, which was a big stretch for us, but we walked away with a lot from the sale of our last home. We also have 2 (soon to be 3) kids in daycare. Without the daycare, we would be fine, but the next 3-4 years are looking very tight for us. We've already planned to halve our retirement (currently we max) and 529 savings for the years when all 3 will be in daycare. We plan to be in this home for the next 20 years. I do have serious anxiety though, about one of us becoming injured or otherwise losing our jobs. But again, this really tight situation has a short timeframe for us.[/quote]
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