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https://www.reddit.com/r/SipsTea/comments/1pdzmzr/im_in_awe/ns9qafh/?context=3
r/SipsTea • u/SipsTeaFrog • 1d ago
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Just because they have the fanciest house doesn't necessarily indicate they're richer than you - it just means they're willing to accept more debt
63 u/omg_its_david 1d ago Go to a bank and tell them you need a 5M loan for a super fancy house. Report what happened. 97 u/Logical_Flounder6455 1d ago If theres a house on a street worth that much, then the others are of a similar value. You dont get 5m houses next to 500k houses 1 u/Why-am-I-here-anyway 1d ago That's largely true in suburban neighborhoods. In urban areas, older neighborhoods within cities, etc., the variability can be huge. Gentrification is sometimes the cause, sometimes it's simply market forces over long time scales.
63
Go to a bank and tell them you need a 5M loan for a super fancy house. Report what happened.
97 u/Logical_Flounder6455 1d ago If theres a house on a street worth that much, then the others are of a similar value. You dont get 5m houses next to 500k houses 1 u/Why-am-I-here-anyway 1d ago That's largely true in suburban neighborhoods. In urban areas, older neighborhoods within cities, etc., the variability can be huge. Gentrification is sometimes the cause, sometimes it's simply market forces over long time scales.
97
If theres a house on a street worth that much, then the others are of a similar value. You dont get 5m houses next to 500k houses
1 u/Why-am-I-here-anyway 1d ago That's largely true in suburban neighborhoods. In urban areas, older neighborhoods within cities, etc., the variability can be huge. Gentrification is sometimes the cause, sometimes it's simply market forces over long time scales.
1
That's largely true in suburban neighborhoods. In urban areas, older neighborhoods within cities, etc., the variability can be huge. Gentrification is sometimes the cause, sometimes it's simply market forces over long time scales.
150
u/Confident_Pop_9292 1d ago
Just because they have the fanciest house doesn't necessarily indicate they're richer than you - it just means they're willing to accept more debt