The mailbag for the week between Christmas and New Year's was, as you might expect, pretty light. Both messages I received were about the same story, which claimed that four of ten home sales in 2011 were cash-only deals, no mortgage. Our two correspondents questioned the particulars of that story.
The Role of Investors?
Story_Title: 38% of Sales in '11 Were All Cash Deals
Story_Date: Tuesday, December 27, 2011
Comments: What percentage of these are investors and what percentage will be actually living in the property?
The govt. is demonizing the investors but it is my belief that without the investors buying now the market would be much worse off.
Chuck Congdon
Clear Investments, LLC
Tustin CA
What Was the Dollar Amount?
Story_Title: 38% of Sales in '11 Were All Cash Deals
Story_Date: Tuesday, December 27, 2011
Comments: What is the dollar amount paid for in cash vs. 2 years ago? There are many properties selling for $50K that would have sold for $150K, 2 years ago.
Unknown Writer
