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(English) If Prices Are Falling, Why Are the Rich Buying?

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7 comentarios
  1. TR
    TR Dice:

    Our market has tremendous current activity in this area. Price points are way down across the board. The buyers are cash, no finance contingency, OR offer lender pre approval to see if it will go through without slowing the deal.

    Buyers, seem motivated by sensing the bottom as to price point has to be in or real close. Many of these folks will do some after purchase financing, and those rates and programs (only available to the well off) are not going to be at lower rates moving forward. This we think is motivating (to an extent) the well off to re enter the high end market.

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Trackbacks y pingbacks

  1. […] so that the cost of ownership, not necessarily nominal price, are at historic lows (old article: If]If HE Says It Is Time To Buy a Home, BUY A HOME! Prices Are Falling, Why Are the Rich Buying?) With all of the headlines on tv about how housing […]

  2. […] market, economy probably feels like it is booming, and borrowing costs are at historical lows: If Prices Are Falling, Why Are the Rich Buying? For everyone else, economy may still feel like it is a recession. Housing market may be […]

  3. […] at historical lows, so properties may seem cheap, at least now, to those looking in that market: If Prices Are Falling, Why Are the Rich Buying? It will probably be interesting to see what same people think, perhaps 5 – 10 years down the road, […]

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