4 ms·
>So, where are they putting in the money. Mostly real estate that can be bought in cash without a mortgage. Everything that's under 300k seems to be bought in
by ChuckNorris89 3y ago
>So, where are they putting in the money.
Mostly real estate that can be bought in cash without a mortgage. Everything that's under 300k seems to be bought instantly in cash and put on the market for rent.
In case you wonder why real estate prices haven't dropped significantly in Europe that's why.
The demands is still high and many people with inherited wealth are still liquid enough.
- itsoktocry 3y ago>Mostly real estate that can be bought in cash without a mortgage. So then where are the sellers putting their cash? This is a closed system.
- jtbayly 3y agoSeller probably keeps some cash but also probably takes a substantial portion of the money and pays off debt with it. At least for a lot of sales, this would happen.
- ChuckNorris89 3y agoDepends why they're selling the property. Every seller has a different motivation.
- quacksilver 3y agoProbably paying the bank back for money borrowed for the mortgage, bigger house, elderly/senior care service, being distributed as part of an inheritance, used to pay off debts or as part of a divorce settlement. Or something else - people sell houses for lots of reasons.
- oblio 3y ago> In case you wonder why real estate prices haven't dropped significantly in Europe that's why. For sure there is a slowdown and some markets are dropping (Sweden, Luxembourg).
- zer0tonin 3y agoIt's not like Luxembourg is full of houses below 300k tho