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> How do they finance it? The same way most people do, with a mortgage. The difference is what a bank is willing to lend you if they see you have a significan
by InitialLastName 2y ago
> How do they finance it?
The same way most people do, with a mortgage. The difference is what a bank is willing to lend you if they see you have a significantly higher than average income.
It's also possible he wasn't just talking about the purchase payment. Large, old, valuable buildings also often require very large upkeep bills.