60 minutes - mortgage stress, page-97

  1. jamwolf
    5,925 Posts.
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    16/08/11
    12:32
    Post #: 8827926
    I think it's very unlikely that people living in $1 - $1.3m homes earn $250k a year.

    I reckon the salary multiple in this price range is more like 8-10x, but that people have around $400k of equity in the property. Otherwise the equation just wouldn't stack up.
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