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Real Estate
Reply to "Beyond Frustrated in Vienna market"
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[quote=Anonymous]Basically, everyone is locked into a low interest rate. So few want to sell and assume the much higher rate today when taking on a new mortgage. That means fewer properties go on the market, because no one wants the new interest rates. But fewer properties on the market keep prices high. Essentially, this is an all-cash environment. And people will pay that cash for properties in certain locations. But a lot of people are stuck. [/quote]
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