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Real Estate
Reply to "When million-dollar-plus homes are purchased, do people put more than 20% down?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] Everyone we know with $1.5m+ homes paid cash entirely, including us. Our financial advisers know what they are doing. Snarky people still try to gossip, but that is why they are bitter, because they will always be no more than a gossip. [/quote] I do not understand. Interest rates were at historic lows. If you happened to be in the market to buy at that time (and why not? the housing market was still stinky), it would make so much more sense to get a mortgage and park your money elsewhere. The only reason paying cash for a house would be because it's not that much money anyway, just pennies to you. What is your net worth? I am not saying that paying cash for real estate is always bad, but you sound obnoxious and full of shit, actually.[/quote] Case in point. Some people know what they are doing, which is why they have money and you do not. [/quote]
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