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Cash buyers holding up real estate market

Started by Riversider
about 15 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
The National Association of Realtors (NAR) conducts an Investment and Vacation Home Buyers Survey annually. The latest survey covering 2010 found that a record 59% of investors paid all-cash for their property. That figure was only 32% in 2006 and a mere 17% in 2004 according to previous NAR surveys. http://pragcap.com/all-cash-buyers-prevent-housing-market-collapse
Response by alanhart
about 15 years ago
Posts: 12397
Member since: Feb 2007

Why "holding up"? Is it suddenly a crime to pay cash? In your book, is everyone obligated to give fees and interest to the banks?

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Response by Riversider
about 15 years ago
Posts: 13573
Member since: Apr 2009

I'll spell it out for you.
They're supporting the market(holding it up).

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Response by Riversider
about 15 years ago
Posts: 13573
Member since: Apr 2009

I'll spell it out for you. They're supporting the market(holding it up). As in Atlas.

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Response by inonada
about 15 years ago
Posts: 8085
Member since: Oct 2008

Funny title of "prevent housing market collapse" juxtaposed with graph of Phoenix. Apparently writer is unaware that Case Shiller puts the Phoenix market's low end at 1/3rd of 2006 prices. I would like to see what this guy considers a housing market collapse.

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Response by Riversider
about 15 years ago
Posts: 13573
Member since: Apr 2009

Most people buy low and sell high. I suppose you would purchase in the areas where Case Schiller was at a peak?

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Response by inonada
about 15 years ago
Posts: 8085
Member since: Oct 2008

Huh?

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Response by somewhereelse
about 15 years ago
Posts: 7435
Member since: Oct 2009

Is it really just saying they're the only ones left?

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