3 ms·
> People who bought 10 years ago for 200k do not want to sell it for 250k, because they paid more interest, let's say "initial price + interest = 300k" today.
by ttymck 3y ago
> People who bought 10 years ago for 200k do not want to sell it for 250k, because they paid more interest, let's say "initial price + interest = 300k" today.
I think you are significantly overestimating the average American's willingness and ability to calculate and understand something as simple as their "cash on cash return".
- throwaw12 3y ago> I think you are significantly overestimating the average American's willingness and ability to calculate and understand something as simple as their "cash on cash return". I think you are also underestimating market forces, average American doesn't need to calculate, real estate agents will tell you the price, they are not going to sell your house for 100K, if it costs 1M