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I'm curious how many are paying cash and how many are using delayed financing to make cash offers? The latter is usually just a mortgage + a fee to get the adva
by Hermitian909 4y ago
I'm curious how many are paying cash and how many are using delayed financing to make cash offers? The latter is usually just a mortgage + a fee to get the advantage of a cash offer. I know these shot up in popularity during covid but I don't know where you'd find stats on the split.
Point being, if most of those cash offers are really a 30-year mortgage in a trench coat, the peninsula might slump very quickly in the near future.
- metadat 4y agoReal estate isn't my full-time job at the moment, so I'm the wrong person to ask! All I can say is there's still a ton of cash sloshing around Silicon Valley. It could be awhile before is dried out, if ever. The VCs still have a ton of dry powder and they aren't moving out of Sandhill.