How do i become part of the class that can afford $2M+ homes? What’s the most common way that someone in their 30s could do that?

Would it be starting/owning a business or joining an early stage startup and getting lucky with equity? Seems like a lot of very high salaries even with dual earning couples still don’t really get you there.

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Go back four years and buy a $1m house on an interest-only loan. At 2.5%, that would make the mortgage be about $1,000. Then over the next four years, the property would appreciate to today’s $2m+

I bought mine while making about $110k IIRC

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Wife and I bought a condo at age 28 for $800k with 15% down.

We are currently age 31 and have enough saved in equity and savings to comfortably purchase up to $2.3mm at 20% down. We’re planning to buy something closer to $1.9mm sometime in the next year or so.

Only reason this was possible for us was because we have a HHI over $500k.

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I’m a lawyer and my wife is in medicine.

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Eh I have an apt probably valued at $2.5-2.7mm in NYC. Bought for 1.5ish after 10 years in biglaw around 35. I’m still not a partner and am still super house poor after gut reno (700k?) but kids in great public schools and we have a nice life. We’d bought in a cheaper area in my late 20s and gotten lucky on timing - made $200k or so in the resale. Husband has always worked public interest law and made normally about 20-30% of my salary so was not two high incomes. Also we had 4 kids between us (2 little ones and 2 older step kids from his first marriage).

Hard right now given where interest rates are (national average around 6.5% and likely going to increase further)

You’ve got a lot of options. The lowest iq way is to build a side hustle, invest intelligently, and live below your means.

I’m 28 and could buy a 2m house by myself within the next few years - comfortably - if I wanted to

I just joined Remotasks, a popular freelancing platform with stable work hours. Join me to start earning money today — you’ll love it! https://www.remotasks.com/r/W33MOKMS

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