I work in a very affluent area and some of the houses we work at are in the $25m range. When we arrive at a new particularly fancy house my boss always asks, “what do you think these people do?” To which I generally answer, “probably whatever they want since they’ve always had a ton of money.” She tries to convince me through anecdotal evidence that people come from nothing and make enough to buy these houses, usually some guy she met…
Anyway, by my rudimentary calculations you’d have to earn at least $10m per year to qualify for that mortgage. Are there jobs that pay that? How much would a monthly payment be if someone actually took out a mortgage on something like that?