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Real Estate
Reply to "Are these H St. NE / Capitol Hill houses priced appropriately?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]What happened to the cash buyers?[/quote] A lot of those folks weren’t really “cash” buyers. They may not have had a financing contingency, but they were getting mortgages. Some were borrowing via lines of credit against brokerage accounts and getting mortgages for the long term. Rising interest rates and the drop in the stock market has impacted these buyers. [/quote] DP but that's a useful point. I had been wondering about the cash buyers as well -- this must be especially relevant for the 900k+ price point, where buyers are more likely to have access to that kind of financing. I've always wondered a bit where people are getting a million (or more) in liquid cash. Most people's finances are not structured in a way to make that a simple thing to produce, even if you are high income and high asset.[/quote]
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