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Reply to "1 In 4 DC Homebuyers Paying All Cash In 2026"
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[quote=Anonymous]In Potomac it was 40 percent cash when bought in 2017. But remember a lot of these are trade up homes. And older buyers. And some buyers already are using their 750K mortgage deduction on other properties. My neighbors in Potomac a few have very expensive beach houses with mortgages. So buying a home at 6 percent mortgage that is not tax deductable is not that attractive as buying it at 3 percent mortgage in 2001 that is tax deductable. [/quote]
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