Quote Originally Posted by Tellafriend View Post
Quote Originally Posted by DirtyB View Post

You can get loans to buy property, and it took him 30 years. I wouldn't call that a "short period of time".

you would argue with a brick wall. And then are quick to call others out for what you think are ill-conceived notions when they challenge your linear thinking. <Sigh>

He was 64. He hadn't worked since the 80's you said. So let's say he last worked in 88 just to give you the benefit of the doubt. That was 29 years ago. So, he was 35 when he stopped working b/c he was sufficiently wealthy to get enough loans to build a real estate business worth millions when he sold it, all on a government salary. Sure thing.
People with 60k incomes were buying 5 houses at a time in my neighborhood in 2004. It's very doable if you're willing to risk everything on the prices going up.

It seems like you're fuzzy on how loans work.