“And now the banksters are attempting to lower the standards again for home loans? “
Cash buyers are driving the real estate market here in Orange County.
We have a lot of foreign buyers picking up mid priced houses for cash and renting them out.
Rentals drive prices RE prices...When the investors find half their homes are trashed and or found themselves with tenants who can’t be evicted for a year at a time...Well the naive foreign investors get very PO’d.