Last year I was looking to buy in Reno.
Every time we found a house we liked, it was sold for cash. Usually within 3 days of listing.
I don’t know if it was large REITs or flush individuals, but we didn’t stand a chance...and we had $200k and VA.
Cash is king when buying a house. I always use cash to buy a house and the builder throws in bunch of upgrades for free.
“Every time we found a house we liked, it was sold for cash. Usually within 3 days of listing.
I don’t know if it was large REITs or flush individuals, but we didn’t stand a chance...and we had $200k and”
After the Alameda fire, investors bought up everything.. prices doubled on mobile homes and space rent.
5 years later and I still can’t afford to go back to my community.
Then the government bought up the rest for cheap housing for first time buyers, usually migrants.
Those are usually CA home owners.
Things have calmed down a bit so it might be a good time to keep looking.