Name:   CRD - Subject:   Crazy high real estate prices Date:   4/5/2022 10:41:09 AM

In your example, MM, the LTV ratio would be a whopping 1.44.  Either you would pay down the principal with XS cash, (if you took out a loan) OR, make substantial home improvements to increase the value to get that ratio down in the 0.8 range. Paying cash alleviates all of this, but I can think of a better use of 1.6 Mil than on real estate that is relatively overpriced because of the bubble.   Either way, those options would certainly contribute to new onset hypertension if this was a second home.  Am I correct?