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Does anyone know the numbers on whether the high cash offers are from corporate investors vs. exceptionally rich individuals? Given the sheer number of cash off
by beowulfey 5y ago
Does anyone know the numbers on whether the high cash offers are from corporate investors vs. exceptionally rich individuals? Given the sheer number of cash offers I'm inclined to think it's the former, but I honestly have no idea.
But yes, you're absolutely right that cash buyers should have way fewer concerns about interest rates.
- closeparen 5y agoI would guess they are from otherwise-normal families whose current houses have appreciated in the same way. This makes them exceptionally rich in a sense, but also not, since homeowners are a majority in most metro areas and all homes are worth close to that much.