"Sounds like the family owns a business and pays itself 25k per year. Is that what’s going on.
No one is going to believe that a family with that low of income can buy a home that costs that much w/o them hiding income or some game. Even the idea of borrowing from relatives will sound shaky because unless the family is insane, no one lends 250k to a family who earns only 25k to buy a home that costs 650k in NY…how would the family pay the mortgage, pay back the relatives for the 250k down payment, pay property taxes and home insurance?
How much do you think the property taxes alone would be?
New Yorkers…how much would the prop taxes be? How much would home insurance be there"
That’s pretty much what I thought while reading