5 ms·
How is it only more expensive for poor people but not wealthy people? Did you mean less accessible?
by hellisothers 5y ago
How is it only more expensive for poor people but not wealthy people? Did you mean less accessible?
- sauwan 5y agoNot OP, but guessing he means wealthy people have more opportunities to buy without financing when the cost of financing seems to overtake other opportunities.
- goalieca 5y agoHow many rich people take out a mortgage?
- xboxnolifes 5y agoMost of them
- hellisothers 5y agoYea, even if you pay with cash you’re probably financing it after you own the property.
- alexanderdmitri 5y agoHere's an article on mortgage/financing options for the ultra-wealthy: https://www.ft.com/content/ebf761ea-fcc8-4fd4-a636-87561398da3e https://www.ft.com/content/ebf761ea-fcc8-4fd4-a636-87561398d...
- iso1210 5y agoA better question is probably how many rich people need to take out a mortgage to fund their housing needs. Using equity for cheap money to buy more equity makes perfect sense.