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Would it be a stretch to say that it’s easier or had been easier...

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lispingduck

7,180 Posts.

01/10/19

10:48

Post #: 40658320
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Originally posted by Forged: ↑

Unlike you, these buyers have big incomes/annual profits, so they aren’t poor people. If they don’t have a decent income, no bank will lend them few million dollars to buy a property. People who could afford $8 mil property must have an income of half a mil or more per year to proceed with the finance (unless it is tycoon rich overseas buyers who pay outright).

Bucky, on a small scale, try going to a beemer or benz dealer & buy one of the $90+ vehicle, if you don’t have an income of more than $80k, they won’t even bother with your application enquires.

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Would it be a stretch to say that it’s easier or had been easier to get finance for a $500k house than it was or is for a 90k vehicle?
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