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by boring_twenties
1911 days ago
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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. |
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