They also "lucked out" on the recent run-up in real estate prices. So they bought their house for 659K in 2016 and two years later it is worth 850K. They owe 536K. So that's where 190K of their net worth came from.
If it had gone up at a more at a rate more like the rest of the country, their net worth would even be less.
Crazy they would spend that much on a house (and also the rental) with their income and that banks would lend it to them -but that's a vent for another thread.
If it had gone up at a more at a rate more like the rest of the country, their net worth would even be less.
Crazy they would spend that much on a house (and also the rental) with their income and that banks would lend it to them -but that's a vent for another thread.