Who Buys Luxury Homes?
Of those who take a mortgage, 17% use a down payment of at least 50%. The survey also shows that despite paying a big price tag, 63% of luxury buyers use a negotiating style characterized as "close to the vest, minimum divulgence," versus "hardball" (24%) or "money no object, I just want it" (13%).
While executive at a large corporation topped the list of occupations, entrepreneur owning a business was a close second. Other top professions (in order) were doctor, banker, lawyer, stockbroker, actor, musician and inventor.
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