1 in 3 Under the Pump !, page-189

I thought I already answered you already, a few times by my count.

That those buying median-priced houses are either those with median wealth, high net wealth, foreigners or... or those with little wealth beside that deposits but have a seemingly stable job with median level pay.

So if I have a $200k deposit, some cash for the legal fees and stamp duty... also a regular job with adequate pay... the bank would then lend me that cash to waste on a $1m property.

Am I a person of "median wealth" just before the purchase... or do I then become a person of median wealth after the purchase? I mean, I just spent some $50K on the legals and stamp duty... so I would have to wait at least another two weeks before I can recover that lost on the paper gain my property just made

Alright, back to work. Somebody got to pay the bills around here.