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A comment on Satellites Confirm Sinking of San Francisco's Millennium Tower. Parent comment

Re:Satellites Confirm Sinking of San Francisco's Millennium ... by scurvy on Friday November 25, 2016 @02:20PM (#13039160)
People who buy $1.5m condos in cash usually don't care that much about rate of return. Or are you implying borrowing $1.5m at mortgage rates and investing that? Not happening.
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Re:Satellites Confirm Sinking of San Francisco's Millennium ... by ChuckMcM on Friday November 25, 2016 @03:00PM (#13039425)
More along these lines, these condos are veblen goods not "the only place you can afford" type residences. If you have $1.5M in cash laying about to invest, you're probably not going to be happy in place that rents for $5K a month.
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