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Real Estate
Reply to "43% of home purchases are all cash"
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[quote=Anonymous][quote=Anonymous] Not everyone who pays cash for their house uses all of their cash. Most of my friends have $2m+ houses. They didn't not buy them at any cut rate discount, they are gorgeous new homes. They did not buy those homes, and become successful, by being stupid. Of course their money is diversified! Who on earth puts all their money into their house? They should be buying $10m houses because they have the cash? That is not how it works; nor do they try to claim to be the "millionaire next door" in an old house. [/quote] Why are you so angry? I don't know your neighbors nor was I speaking about them. And yes, for many people, their house is their primary investment, especially for those who are middle class and aggressively pay down their mortgage. [/quote]
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