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re: Can someone help me explain how people are affording a house in today's market?
Posted on 4/3/23 at 2:42 pm to StringedInstruments
Posted on 4/3/23 at 2:42 pm to StringedInstruments
What amazes me is how many people are putting in cash offers on houses.
7
Posted on 4/3/23 at 2:44 pm to SonOfSlickWillie
Same way people are "affording" to buy those 75k broncos.
They can't afford it.
But yes, the people paying full cash for houses is a bit of a head scratcher
They can't afford it.
But yes, the people paying full cash for houses is a bit of a head scratcher
Posted on 4/3/23 at 2:45 pm to SonOfSlickWillie
quote:
What amazes me is how many people are putting in cash offers on houses.
fricking this.
What I don’t get is how so many people are getting new houses, new cars, and taking family vacations.
I guess having two working adults in the house helps, but damn.
Posted on 4/3/23 at 3:09 pm to SonOfSlickWillie
quote:
What amazes me is how many people are putting in cash offers on houses.
Yep, and many of them aren’t modest homes. I’ve seen some cash purchases around $700k and it wasn’t investors buying them. These were young families. I doubt I’ll ever have anywhere close to $700k in liquidity.
Posted on 4/3/23 at 3:28 pm to SonOfSlickWillie
quote:
What amazes me is how many people are putting in cash offers on houses.
I'm seeing people sell their houses in California or New York for $1,000,000+ and then buy twice as much house for $750,000 in Georgia.
Posted on 4/3/23 at 4:12 pm to SonOfSlickWillie
quote:
What amazes me is how many people are putting in cash offers on houses.
These people work for Blackrock and pose as individual buyers. Guarantee they turn around and transfer the home to the investment group. They know many people won’t outright sell to BR so they trick you.
Wake up people
Posted on 4/3/23 at 9:15 pm to SonOfSlickWillie
quote:
many people
Is it people or companies?
Posted on 4/3/23 at 10:30 pm to SonOfSlickWillie
quote:
people are putting in cash offers on houses
It's not people. It's companies that will own the house forever and rent it out.
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