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People of Million Dollar Homes

This article was written by in Real Estate and Home. 2 comments.

Who can afford million dollar homes? Coldwell Banker polled their real estate salespeople to find out.

It turns out that buyers of million dollar homes most often pay in cash, or if they take financing, many put down a payment of at least 50% of the sale price. The two most common professions are corporate executives and entrepreneurs.

As you could probably guess, buyers with a seven-figure budget are just a little different from mainstream home buyers.

Updated December 21, 2011 and originally published July 30, 2003. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 1 comment }

avatar Darren R. Sussman

Hey! I’M an entrepeneur! Maybe someday I’LL own a million dollar house! :)