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.
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.