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Many real estate investments are highly leveraged—-you need people renting your property to pay back the loan you used to buy the property. If a family owns a
by code4tee 6y ago
Many real estate investments are highly leveraged—-you need people renting your property to pay back the loan you used to buy the property.
If a family owns a vacation property outright and they’re going to miss out on some extra income then things are annoying but not terrible.
Those that bought in a leveraged scenario (and worse did so on multiple properties) are heading into a really bad situation and thus it’s understandable they’ll want to offload the property ASAP.