He is 23 and started his career in real estate after high school, that means 5 years ago as COVID's initial wave was dying down, borrowing money was cheap, and people were suddenly alowed to move house again. I bet he made bank in that time!

[–] BaconWrappedEnigma@lemmy.nz 3 points 1 day ago (1 children)

About $200k, after living expenses, from the sound of it! 😮

[–] Dave@lemmy.nz 1 points 1 day ago

If he lived with his parents all that time then I can believe it. Real estate agents print money when the going is good and work secind jobs when it's not.

It says he had rentals too, which seems to be common with real estate agents for some reason that I have to assume involves a conflict of interest.

[–] passwordforgetter@lemmy.nz 1 points 1 day ago (1 children)

Ya... but how much money do banks lend to teenagers in high school?

[–] Dave@lemmy.nz 2 points 1 day ago

Wen borrowing money is cheap, people start buying houses like crazy and running up their mortgages. It's not the teenager borrowing it's the people he was selling houses to.

[–] implosive_sprig@beehaw.org 3 points 1 day ago* (last edited 1 day ago) (1 children)

*23 year old pays the down payment on a million dollar home for his parents.

“House price $1,060,000. I’ve paid 20% down on it — all from my savings,” the real estate agent, who started his career after high school, said.

[–] passwordforgetter@lemmy.nz 2 points 1 day ago

Seems like they gave him the deposit too or maybe he won lottery or was the first bitcoin owner?