My Analysis On “Top Earners May Face Big Hit”
I don’t know if this is still true, although it seems it would be more true today. I have bought and sold several homes in the past 30 years (on the West Coast and East Coast) and have dealt with high end real estate estate agents. And generally they have all told me that the really wealthy always pay cash for their homes, they don’t do mortgages. I was told that it is mainly just the upper middle class and lower that take out mortgages.
P.S. I am not at all wealthy but I was always curious and asked the real estate agents.