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> No matter what terminology you use, buyers without cash-in-hand are getting screwed. "Cash is king" is a common phrase in real estate for good reason. In pr
by mywittyname 5y ago
> No matter what terminology you use, buyers without cash-in-hand are getting screwed.
"Cash is king" is a common phrase in real estate for good reason. In pretty much all instances, a cash buyer has a leg up over everyone else. In a liquidity crunch, cash buyers get discounts because people can't get loans; in hot markets, they get discounts because they can wave contingencies; in cool markets, they get discounts because they can move faster; etc.
- bduerst 5y agoThis hasn't always been the case with real estate though. The market used to be much more accessible, and tech bubbles overlapping into it are just further destroying it.