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>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.
by itsoktocry 4y 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 4y 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 4y 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.