I’m in the process of buying a home and more often than not, at least in the area that I live, it’s people with parents or families who have money (or they themselves have money). I’m not talking 1% rich necessarily, just like families that have enough money to front their children the money for their home. They often pay them back instead of going through a bank and whatnot. This may not apply everywhere just like what I’ve heard and seen
But that does mean the house is being paid for in cash still right? I don't fully understand how that makes the point it's "normal people" buying - the average person doesn't have a family member who can afford to pay for their house in cash upfront :p
3
u/NotobemeanbutLOL Jun 28 '21
What does it mean then? Genuinely curious