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[–] 6 points 4 months ago (5 children)

Whilst I'm all for cash usage, who is paying for a house with cash?

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  • [–] 0 points 4 months ago (3 children)

    Mostly people who are ‘investing’ in houses. For instance it is legal to use profits from the sale of property to buy more property and not pay taxes on that income as long as it’s done within the same calendar year in most US states.

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  • [–] 5 points 4 months ago (2 children)

    Why would you do it with cash though? It's pretty uncomfortable to walk around with a luggage filled with 500,000€

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  • [–] 0 points 4 months ago

    People who have lived through numerous economic crashes and bank closings. In Eastern Europe, cash in EUR and USD has good reputation, despite efforts by governments to bully people out of paying with cash altogether.

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