Related Posts
Why are relationships so difficult!!!
What laptops do they provide at ServiceNow?
Additional Posts in The Toronto Bowl
Anybody know if there’s a Toronto Lawyers bowl?
Best bars to watch the fifa final?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.





Dual income, often previous homeowners who rode the crazy price appreciation over the last couple of decades. I bought my first condo for 300k and sold it for $700k a decade later. You have two people in a similar situation and suddenly you have $700-900k for a downpayment and then $1.1-$1.3m mortgage.
If you’re both making $150-$200k then a HHI of $300-400k will cover that mortgage.
Plus a lot of folks get family help.
Bank of Mom and Dad, inheritance, plus 2 good jobs or one super-high earner that allows them to service the loan. Need HHI over $300k. $400-$500k is more realistic.
2 MM you need to really have family wealth or own property already, otherwise a really high HHI
My HHI is 350k and our ceiling was 1.2
HHI is really the only way. Yes some inheritance helps, but unless parents are giving $700k+ for down payment, you’d still have a very high mortgage to service. We just recently bought a $2.2M house, are in our early 40s, and have a HHI or $650k+.
Study hard in school, get a high paying job. save for a few years, pay cash as any other purchases in life, not sure I understand the question.
Work really hard. I bought a 2.5 million house with 3 years of savings but worked like crazy. No inheritance or wealth from previous homes. Have a HHI of 800k on avg.
Just need 2 people making $400k each and you’re good.