May 20, 2024
9:24:56am
9:24:56am
Sounds correct.
It might not be distributed equally on a geographic basis and who knows how they are computing it, if it's on the basis of actual sales or overall dollar amount.
In NYC, over 95% of sales of properties over $5MM are cash sales.
In retirement communities or 55+ communities substantial numbers are all cash deals. Now, in start up first home communities, that would be unlikely.
In NYC, over 95% of sales of properties over $5MM are cash sales.
In retirement communities or 55+ communities substantial numbers are all cash deals. Now, in start up first home communities, that would be unlikely.
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- Archaea
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0% financing? Are they paying gift taxes then? I would think they are using a family loan which requires somewhere
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