re: Homebuilders cancelling contracts to sell for more on market

quote:

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I know a family, wife does not work, husband if I had to guess makes 35-40K a year. Nice house, nice cars, kids are in travel ball / dancing, take several nice houses a year. First few months, I was like, how?

Slowly the details come clear.

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Kind of what I figured as well any time I see a young 28 year old couple looking at a 600k house or whatever...just assume it has to be family money in most cases. I'm in like the 89th income percentile for my age but I've never felt poorer than when shopping for a house a couple months back.