Reply to Beyond Frustrated in Vienna market

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There are many options at $2M dollar range[/quote]

Yeah I just searched and there are several properties between 1.5 - $2M in Vienna. If OP wants to be in Vienna the can be. [/quote]

Well to be fair, I do have to actually like the house if I want to put an offer on it. I haven't been too selective. I am still confused how everyone is able to afford this housing to have this intense level of competition. We are frequently outbid to a level that is out of our budget. And we have a very high budget. [/quote]it’s bc they keep buying and selling up. They bought a house for $750,000 and now it’s worth $1.2 million.  So, they sell it and buy your $2 mil house with only an $800,000 mortgage. [/quote]

That's not really how that works unless you assume someone bought a house for 750 and paid it off well ahead of schedule?

But the answer is family money. And stock market/crypto gains. It's not rocket science: the housing prices keep going up because there are more people with money than there are houses for them. [/quote]

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