Suppose I’m selling my house for $800k in California. I have a buyer with a traditional financing arrangement (30 year loan) and a cash buyer. As the seller, I get my money regardless of whether a bank pays me or an individual cash buyer. Why do people get excited over the cash buyer?
In: Economics
This is absolutely correct. I live in a notoriously progressive, but rich town, with older hippie types. They’re super liberal voters on all things except affordable housing or public transportation initiatives.
Nothing will change so long as they check Zillow every month.
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