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hanera
2012 Apr 25, 7:03am
hanera
2012 Apr 25, 7:03am
In many recent sales observations, offers with loans are out of consideration. Houses are going to the highest all cash offer. In transactions looks like investment, ROI becomes a secondary issue.
From some perspective it appears like we are witnessing a gigantic money laundering machine.
You might be onto something. Who are these cash rich guys?
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Very high demand vs. low supply created situation with common multiple offers. Now properties get bids of 10%-40% above asking price including endless cash offers, in most areas. In next month we will have all new houses offered with price adjusted to new sells records. Is this sustainable? Is it a new trend or temporary run-up?
#bubbles