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Real Estate
Reply to "43% of home purchases are all cash"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Only first time homebuyers put down just 20%! On our second home we put down 60%. It's easy. Live your life on one income and save the other's income. [/quote] Do you live in the DC metro? Or are you married to a law partner? or you are are old. B/c with daycare running $3k/month for two kids, mortgage for a basic starter home at $3k/month, you have to clear $200k to 'save the other's income'.[/quote] Or you choose to live somewhere where children for two is more like 2k, modest home mortgage is 2k, and then you're more positioned to live off one income, save the other, although that's still a pretty high salary for just one person. Obviously not doable for people on a wage of 50/60k[/quote]
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