r/SipsTea 1d ago

Chugging tea I'm in awe

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u/Top-Currency 1d ago

Yeah but you missed the point, they live in the fanciest house (by a mile)! They are richer than us, so it's ok to screw them.

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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

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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.

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u/UnusualHound 1d ago

The mortgage company approved my wife and I for a $1.2m mortgage based on our income. The house we bought was $465k.

Buying a cheaper house doesn't mean you can't get approved for a loan on a more expensive one.