Quote:
Originally Posted by Pairadocs
Don't doubt your stats since I really don't know them myself, but I am really surprised that 50% of the homes purchased by retirees are mortgaged. Expected some for various reasons, but 50% really did surprise me, thought it was be much lower.
|
I was surprised by that number to but most likely it’s because the snow birds don’t want to give up the northern home with the equity tied up so they have to mortgage the one here until the day they become full time.