When million-dollar-plus homes are purchased, do people put more than 20% down?

[Anonymous]

Anonymous wrote:
I know tons of wealthy people who do not use cameras on their computers. But this is what I imagine those who resort to personal attacks resemble. By all means, keep it going. I'm off to earn more money in my sleep.

You're right. You are way above personal attacks. You definitely didn't call anyone names earlier. Wow - just so so classy. And wealthy. Amazing.

[Anonymous]

Just so the old money knows ... there are several folks laughing at you now ... don't assume it's just one poor you're engaging.

[Anonymous]

Anonymous wrote:Just so the old money knows ... there are several folks laughing at you now ... don't assume it's just one poor you're engaging.

Still going......

Wealthy people do not get where they are caring what the likes of you think, that is for certain. I hope I don't employ you, or you are GONE tomorrow. Speaking of IP addresses.......

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wow. How do people handle that kind of monthly payment?

Why would being able to handle a high monthly payment be that different than being able to plunk down a very large lump sum for the down payment? I think the obvious answer is that there are some very wealthy people out there and especially in the DC area.

We put down 700K on a 1.5M house. We wanted to factor in the ability to live on one income if needed.

Granted we have savings and investments, but I watched my mother spend just shy of 1M dollars keeping my father who was the sole breadwinner alive during a brutal battle with cancer. Once insurance is lost and you can't qualify for Medicaid and then you can't get insured and if you do the rates are through the roof and no treatments are covered, you burn through money as an astronomical rate. Losing that breadwinner even though his income was very high was financially devestating.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just so the old money knows ... there are several folks laughing at you now ... don't assume it's just one poor you're engaging.

Still going......

Wealthy people do not get where they are caring what the likes of you think, that is for certain. I hope I don't employ you, or you are GONE tomorrow. Speaking of IP addresses.......

LOL. These insights into the world of the "wealthy" are just amazing.