Reply to Beyond Frustrated in Vienna market

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you have $2 million cash, couldn’t you get even a $2.5 million house and your mortgage would be quite manageable? I’m struggling to understand how you would have that much in cash but be house poor with the $500k mortgage.[/quote]

OP is a troll. Nobody has $2 million in cash and is “beyond frustrated with the Vienna housing market.”

I don’t understand their motive in starting this discussion but this is not a real situation, it is made up.[/quote]

My hunch is OP has $2M cash but it’s from parents and they have very little investments / savings of their own so that’s why the budget is so set in stone and they can’t supplement or be more flexible.

Could be wrong but the whole framing of “I have such a high budget and I’m so surprised others do as well” reeks of someone getting $2M from family while making $250K a year and not realizing the peers they’re competing with for ToV housing are personally clearing high 6 / 7 figures annually.

Just a hunch though. [/quote]

If true, that makes their reluctance to settle for a more modest home even crazier.[/quote]

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