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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][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] No. We make HHI 180k. We aren't Asian (although I do agree they are good savers). We don't have children yet, but considering our mortgage is only $1500 on our 700k house, it won't be such a struggle with daycare. We lived on one income since we got jobs and saved 60k a year. We still take great overseas vacations and don't feel pinched at all. [/quote] Wait until you have kids. [/quote]
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