Detailed text transcripts for TV channel - MSNBC - 20110118:19:25:00
The $1 million, $2 million but the superhigh ones, still selling well, for the one builder. but i scratch my head here, despite him saying, and you saying, he is able to sell these, where are they getting money? there is no eight lot of cash. liquidity is low. >> reporter: he's not going to the banks. he claim his could get money from the banks but all of his money to bill homes comes from private equity. but he's got all cash buyers. the person buying $16 million home is not going for a 30-year fix. they've got cash on hand, not worried about the mortgage market or rates. in the end, he say t...
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