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Real Estate
Reply to "Federal Reserve: signs abound that housing market is entering bubble territory"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]25% all cash buyers is an lol statistic. If you’re not a moron you’ll realize that within this 25%, a lot of those transactions are still leveraged but are counted as all cash because at the settlement table there is no mortgage. Still the buyer used a portfolio loan, proceeds from refinancing another property, or some other form of indirect leverage etc. [/quote] +1 very few buyers are true cash buyers, would be a dumb financial move not to take advantage of low interest rates. There is almost always leverage at play somewhere (in addition to what PP said, people get a loan later, use services that front you the cash in exchange for a subsequent mortgage on the property at a higher interest rate, etc). Coming in with “cash” is just a bidding tool.[/quote] Plus having a mortgage is a tax strategy. [/quote]
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