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re: The average 30-year fixed mortgage rate jumps to 7.50%
Posted on 4/16/24 at 2:03 pm to Henry Jones Jr
Posted on 4/16/24 at 2:03 pm to Henry Jones Jr
quote:
Because it’s unfair to regular citizens to try and buy a house with a loan only to have a corporation come in and pay $50,000 over asking price and in cash.
Anyone that says this isn’t common enough to be an issue is a moron. There are 3 houses in my neighborhood alone that situation happened on. And two buddies that sold their houses sold to corporations that offered cash and well above asking price
Build more houses.
I don't have a problem with big investors buying residential real estate as long as they will not be deemed "too big to fail" when the bottom falls out of the housing market.
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