4 ms·
I still don't fully understand how some of today's real estate prices are possible. There are not that many buyers of the income or net worth required to afford
by api 5y ago
I still don't fully understand how some of today's real estate prices are possible. There are not that many buyers of the income or net worth required to afford these prices. How can a large scale market exist with so few customers who can reasonably afford the product?
- bitxbitxbitcoin 5y agoSimple answer: The customers that can afford the product(s) are buying more than one.
- l33tbro 5y ago> How can a large scale market exist with so few customers who can reasonably afford the product? Cheap debt. Nobody has the net worth to afford all these places. So the value of the properties are relative to how much people can borrow. For the last few years, that has meant a borroing a lot since interest rates around 1.5%.