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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m a mortgage underwriter and see a ton of broke rich people. We give them loans anyways. They just gotta keep running in that golden hampster wheel. [/quote]

This makes me feel a bit better. Can you give some details into this observation?[/quote]

Why does it make you feel better? If they buy a $2m house and pay it off after 30 years, at least they will have $2m which is a lot more than most Americans will have. [/quote]

Except most that are "on the hamster wheel" don't actually pay off the house, they keep refinancing over time, often taking out money each time.  So that only works if you actually pay off the mortgage.[/quote]

+1. Our big law partner friend and his SAH wife are very honest about being bad with money. They openly state that they “have no idea where it all goes” and if the partner lost his job they would have to “put a for sale sign in their front yard” the next day. We make less than half what they do and have at least double the NW. [/quote]

You believe everything people tell you, eh? No one would have any idea how much I actually have because I live more simply and frugally than many do, although still nicely enough. [/quote]

I don't believe you. [/quote]

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