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SirMaster t1_j8puob3 wrote

Huh?

The average home price is like 350K, so it's 100% of a 20% down payment.

But I would do a smaller down payment personally. I can make a way higher return on the cash than the mortgage rates even at current rates.

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papercutninja t1_j8pv7b4 wrote

$350k is average on home purchases, not new home purchases.

In other words, newly built homes, not new-to-you homes.

And it seems my Google ignored my query of “Average cost of new home purchases in the US” and instead just gave me Idaho homes.

My b everyone.

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