4 ms·
What you say is all true, but nothing of what you said is enough to displace the investors walking in and paying 20% over asking price in cash. And there are pl
by eecc 8y ago
What you say is all true, but nothing of what you said is enough to displace the investors walking in and paying 20% over asking price in cash. And there are plenty.
I’ve recently learned that a whole building next to North Line terminal was taken off the market and sold wholesale to investors.
The problem is not the petty burgeois pulling a little speculative profit (oh well, there’s also that, see Airbnb) but the mega funds buying off whole block at a time because they can
- jypepin 8y agoI don't know the data, but you are probably right. Although at the same time Amsterdam has very little large buildings, so I don't know how much those large building increasing prices would put a lot of stress on the market overall. Again I don't know, so you are probably right.