Reply to do your friends elsewhere live as financially conservative as you find people in DC do?

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Reply to "do your friends elsewhere live as financially conservative as you find people in DC do?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You're taking the attitudes on this Money and Finances forum and thinking they apply to most all college educated professionals in DC.  They don't.

Interview your average real estate agent in the DC area, and ask them about the typical down payment people make on their homes.  I have plenty of high-earning friends who seem to have it all together from the outside, but it's all smoke and mirrors.

Sure some people seem to have it all, and they actually do.  Those people make good decisions with money and are also able to enjoy a high income... great for them...but that's a very small percentage of people, and people like that are in every city.[/quote]

I feel like I've seen data showing that an overwhelming number of people put more than 20% down in this area and that there are a rather high amount of cash sales in the DC area.[/quote]

Nope. That may be true of posters to this board but the stats show that 10% or less is the most common downpayment in this area.[/quote]

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