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Right, but who would take out a $750k loan on a $8.5M house? I concede I lack the data to prove my point, but common sense would tell you that these loans are
by spaceflunky 9y ago
Right, but who would take out a $750k loan on a $8.5M house?
I concede I lack the data to prove my point, but common sense would tell you that these loans are almost all within the middle class home bracket.
- uiri 9y agoSomeone who has $8.5M of assets and wants $750k of liquidity. Interest rates are so low that it makes sense to take out a mortgage to invest the cash elsewhere.
- spaceflunky 9y agoLet me rephrase... Who NEEDS to take out a $750k loan in order to be able to buy a $8.5M house?