Talk of The Villages Florida - View Single Post - Housing $ situations in the USA
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Old 08-24-2011, 08:16 AM
villagegolfer villagegolfer is offline
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Quote:
Originally Posted by glgene View Post
Curious...would anybody care to guess what % of persons who buy at TV (say, over the past 5 years) take out a mortgage on their house?

My uneducated guess would be less than 30%. Am I high, low, or close?

Again, just curious. I have no special reason for asking.

Gene
I remember reading somewhere that it was around 40% who take out a mortgage. I believe it is accurate. When you see a house getting surveyed, it usually means they are applying for a mortgage.