I know quite a few parents decide to take reverse mortages (or 2nd or 3rd mortages) to fund real estate to "rent" to their kids. Why not in this kind of market? with mortgages so cheap and so easily servicable. I lived through the double digit mortgages in the 80s and 90s, the difference is night and day.
Basically people who bought in early benefits, people with no family ties or money have to raise the cash somehow.
Be financial educated, figure out what you can afford and just do what pleases and available to you. In that sense it is a lot like the discussion of exotics in the Automotive forum. No one can afford that 458 Italia.
Quote:
Originally Posted by multicartual
What happened to buying property to live in?
Oh wait... everyone is a greedy fucking investor now!
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