**Pop quiz: It takes a gross annual income of $100k to take out a - TopicsExpress

**Pop quiz: It takes a gross annual income of $100k to take out a mortgage on a $300k house in L.A. The typical monthly amount it takes (real estate expenses + mortgage) to maintain a $300k house is $2,500/month over 30 years. The price on that property (not value) has a likelihood of growing to between $600k-$750k in 30 years. If you bought that same house in cash in 6 years and instead you invested just the $2,000 mortgage portion of that payment over the next 24 years, how much would that investment grow to? A. $400k B. $900k C. $1.5 million D. $2,920,411 No this is NOT a trick question.

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