3 ms·
How many people are buying a house with anything less than 100% of their money? Everyone I know who "owns" a home first had to save up for a 3-20% down payment
by boring_twenties 6y ago
How many people are buying a house with anything less than 100% of their money?
Everyone I know who "owns" a home first had to save up for a 3-20% down payment, which translates to having 500-3,300% of their money in the asset.
Biggest outlier I know personally put 50% down, so 200%.
Obviously I know that cash buyers exist too but that's not most people, unless I'm woefully wrong.