Who's Buying Luxury homes In America

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People who can afford luxury homes are often debt-free. (Just look at some of the financial disclosures from members of Congress!) A 2003 study released by Coldwell Banker found that nearly one-third (31.5%) of buyers paid cash to purchase their one million dollar plus home. Of those who choose to take on a mortgage, 17% placed a down payment that was 50% or more than the price of their new luxury home.


Link to Coldwell Banker Article