[Hugin]

The odd thing is housing prices are skyrocketing around here. They go on the market and get multiple offers for more than the asking price the first weekend. Word is it’s out of state investors driving it.

[DAC21]

“The odd thing is housing prices are skyrocketing around here. They go on the market and get multiple offers for more than the asking price the first weekend. Word is it’s out of state investors driving it”

I have talked to a couple of So. Cal Realtors, both mentioned Asians paying cash we their biggest Customers.

[AEMILIUS PAULUS]

It is Chinese and/or Taiwanese with large amounts of cash. My wife's cousin-a really great guy-recently purchased a home in Orange County California. The real estate lady advised him that even when the purchase sale has been agreed to suddenly another person will offer cash and the initial sale will fall through. He made an offer and the seller reported they had received a bid in cash from a Chinaman 10% higher. The sellers, an old couple, loved the wife and kids and sold them the home any way. It is a beautiful home.

America is the world's bargain basment.

[Pelham]

“Word is it’s out of state investors driving it.”

It’s out of country investors purchasing houses for cash.