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Real Estate
Reply to "43% of home purchases are all cash"
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[quote=Anonymous][quote=Anonymous]This surprised me. http://money.cnn.com/2014/05/08/real_estate/cash-home-sales/index.html?hpt=hp_t2[/quote] It makes sense to me that there is a significant %, 43% seems a bit high, but still within the ballpark. My parents bought one house with a loan, lived in it for 30+ years and paid it off, the sold it and bought their second house (moved south for retirement) with the proceeds of the sale of their first house. Their community is filled with couples who did the same thing. DH and I will have two houses purchased with loans before we fully pay off the second and buy the retirement house with the proceeds. My sister and BIL will have one. DH's sister and brother each will have purchased one with loans and will soon by their retirement house with the proceeds. [/quote]
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