Quote:
Originally Posted by Crawford
Nationally, around 1/3 of purchases are cash.
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For real?
Maybe it's a "stage of life" thing, but I don't know any middle-aged peers (family, friends, neighbors, co-workers) who paid cash for their homes.
The
VAST majority of regular people do not have multiple hundreds of thousands of dollars of liquid capital on hand to do that.
Is that stat perhaps being skewed by corporate/institutional buyers?