someone explain how so many people are buying $3-4 million houses
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Date: August 15th, 2018 2:45 PM Author: Slimy Heaven
i dont understand this, there aren't that many people who can afford this even with family help
but these new construction houses keep being build and sold left and right
(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621589) |
Date: August 15th, 2018 2:49 PM Author: Azure underhanded giraffe lodge
Around 20-25% of them are in fact all cash buyers.
I'd guess another large portion have gigantic mortgages, most likely ARMs, and qualify based on lawyer/doctor type dual incomes.
(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36621609) |
Date: August 16th, 2018 12:50 AM Author: Shaky copper black woman
there are tens of thousands of big law attorneys, tens of thousands of doctors, tens of thousands of tech sector bros, tens of thousands of rich kids with rich parents, tens of thousands of people with 1m+ equity in their current homes that need to move.
the population is increasing and that includes the rich.
also, the economy is doing well so people have more money on paper right now. in theory the relative price of a million dollar house is much cheaper given inflation, stock growth, etc.
(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36624991) |
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Date: August 17th, 2018 1:44 PM Author: startled angry brethren
Retarded to take significant debt to pay for a house like that.
a) no one needs a 7 figure house anywhere, let alone a 7 figure house several times over.
b) anyone with a brain realizes the economy is doing well but it won't last forever. People who are stretching themselves to get these houses will be losing them in the next downturn.
(http://www.autoadmit.com/thread.php?thread_id=4052657&forum_id=2#36633406) |
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