I am referring SOLELY to the purchase of a single family home, too. I did not pay “too much” down; I paid the going rate for at least the past 20 years (20%), and yes, when my father purchases our home in 1975 or so, it was only $60,000.
I owe you an apology!!! I had bought a single family way back in 1965 and reacted only to the much larger amount of money. I should NOT have put in that remark.
It is like my father and mother being so upset in 1949 when my dad’s NEW OLDSMOBILE cost him $2150.00. Today that is the cost of a junk that may not run.