Hacker News new | ask | show | jobs
by pakled_engineer 3750 days ago
Problem is those $700k condos are being bid up to $800k, and often sold so fast there's no time to go back to your bank and request an additional $100k mortgage. The Chinese buyers have cash to make the sale immediately.

The newer buildings are now exclusively luxury condos, like the tower being built on Harwood St that's one unit per floor for offshore millionaires.