A growing number of super-wealthy people are ditching the all-cash home buy. Rather than dipping into their equity, David Koch, Beyoncé and Jay-Z, and Daryl Katz, the billionaire owner of the Canadian hockey team Edmonton Oilers, each have bought homes in recent years with massive bank loans. The trend has been attributed to real estate prices rising parallel to record-low interest rates, according to the Wall Street Journal. There are reportedly 233 outstanding housing loans […]
source https://therealdeal.com/2018/09/20/even-the-worlds-wealthiest-people-dont-go-all-cash/
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