super jumbo loans high dollar loans affluent clientele: Cash is King!
- 09/24/08 11:48 AM
Liquidity is the new Luxury! Lenders don't want your cash hanging on your walls or around your wives/husbands neck. And all over the country, re-sellers of luxury goods from art to Birkin bags are seeing the exact same thing: wealthy consumers, once conspicuous in their consumption, are not just scaling back their spending, but parting with some of their priciest assets for cash. That's good news for anyone in the luxury-goods resale market. Only months ago was it the Mortgage Broker cashing in their luxury items, today it's the Wall Street executive. Those that stayed liquid know the worth of their dollar … (0 comments)
Liquidity is the new Luxury! Lenders don't want your cash hanging on your walls or around your wives/husbands neck. And all over the country, re-sellers of luxury goods from art to Birkin bags are seeing the exact same thing: wealthy consumers, once conspicuous in their consumption, are not just scaling back their spending, but parting with some of their priciest assets for cash. That's good news for anyone in the luxury-goods resale market. Only months ago was it the Mortgage Broker cashing in their luxury items, today it's the Wall Street executive. Those that stayed liquid know the worth of their dollar … (0 comments)
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