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People who buy $1.5m condos in cash usually don't care that much about rate of return. Or are you implying borrowing $1.5m at mortgage rates and investing that?
by scurvy 10y ago
People who buy $1.5m condos in cash usually don't care that much about rate of return. Or are you implying borrowing $1.5m at mortgage rates and investing that? Not happening.
- ChuckMcM 10y agoMore along these lines, these condos are veblen goods not "the only place you can afford" type residences. If you have $1.5M in cash laying about to invest, you're probably not going to be happy in place that rents for $5K a month.