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by notacoward
2550 days ago
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I haven't been able to find what I consider a truly authoritative source, but I've seen these figures many places (perhaps as a side effect of having gone through the process of buying a second house). Here's one example. https://www.supermoney.com/studies/mortgage-industry-study/ The closest I can find to a real source is the National Association of Realtors, which claims 88% of purchases are financed. https://www.nar.realtor/research-and-statistics/research-rep... The 30-34% number is probably more important, though, because paying off early also results in an immediate cost-of-living decrease - and a significant one, I can add from personal experience. ;) |
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