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A comment on In January, there were more real-estate agents than homes for sale in the U.S.. Parent comment
Everyone I know who "owns" a home first had to save up for a 3-20% down payment, which translates to having 500-3,300% of their money in the asset.
Biggest outlier I know personally put 50% down, so 200%.
Obviously I know that cash buyers exist too but that's not most people, unless I'm woefully wrong.
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Everyone I know who "owns" a home first had to save up for a 3-20% down payment, which translates to having 500-3,300% of their money in the asset.
Biggest outlier I know personally put 50% down, so 200%.
Obviously I know that cash buyers exist too but that's not most people, unless I'm woefully wrong.