Kymo
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They take in loans, and they pay it off over like 30 years
as for a car? They do the same thing but for a lesser price |
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Not spoiled,well taken care of
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They make payments like the rest of us, they can just make higher payments. |
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tshnobodysfool
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I would say that's the low end of their pay scale and they're not really worried about job security. |
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Earl s
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they get loans |
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Elizabeth
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Its not that hard if they're smart about it. Usually ones with houses like that make more. Like plastic surgeons and big-time attorneys for celebs and stuff. |
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Yan
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If you think about it, their job might not be their only source of income. They might be engaged in other investments that give them a good return. It could also be that their wife is doing good herself.
Lots of possibilities.. |
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blackfeatherbird
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If they are doctors and lawyers they are making more than 100,000 a year. Alot of these people will invest their money in stocks and bonds and are good at saving their money. Chances are they have a good job that pays well and they are able to afford a mortgage that goes along with it. If they are married and their spouse also makes money that just doubles the amount they can spend on a mortgage. Good credit is the key to being able to live in a million dollar home..
Are you sure the homes are 1 million dollars or more like $350,000 to $500,000... This would make more sense if one spouse was making at least $250,000 a year to cover a mortgage for a nice home. |
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Jack_M
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They dont pay it all in one go they have to pay it monthly
so if they earned 100,000 a year like 50,000 of it goes to their house and other debts |
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Tashia
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They aren't crooked but doctors and lawyers generally make more than 100k unless they aren't that great. Lawyers can easily make 200+k a year. That is how they can afford those homes because they get mortgages just like us. They usually have good credit also which means lower interest rates on their mortgages. |
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schwildcat1977
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They have an equally high debt. |
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kemperk
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a; they save and invest. They don't put their $ into CDs but
instead, into small biz's that return 35-250% per year.
b; they get promotions quickly.
c; they negotiate for good deals; like arms followed by
fixed rate loans of 5%. They read EVERYTHING and they
ask a LOT of questions which make some people upset.
Many doctors also earn 250k a year by their 3-5th year. |
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Icarus
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Leverage! |
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rtfm
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Anyone (regardless of their profession) who earns only $100,000 a year would not be able to afford a home that costs a million or more.
Most good doctors and lawyers earn considerably more than that. They may also have a spouse who's similarly professionally employed.
Another possibility is that they've owned the same home for many years, since before the real estate boom of the 1980s.
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ARMY*WIFE[brody on board]
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haha...docs make alot more than 100k...ALOT more.
my father is a colonel in the army and makes about 200,000 a year, he has a DOCTORATE, but he is not a MD. |
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cookie
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they're all crooked
ESPECIALLY lawyers |
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