I hear a lot of stories about all cash offers / non-traditional financing swooping in to get houses as soon as they are listed, making it so regular buyers are having to offer no inspection contingencies to get the owner under contract, in addition to $10s of thousands over asking being some kind of norm.
that says, to me, that people are buying shit literally without even knowing what they are getting, especially in the context of constant price increases. and that is a bubble.
will it deflate or burst or balloon further up into the stratosphere? who knows. trust no one.
I hear a lot of stories about all cash offers / non-traditional financing swooping in to get houses as soon as they are listed, making it so regular buyers are having to offer no inspection contingencies to get the owner under contract, in addition to $10s of thousands over asking being some kind of norm.
that says, to me, that people are buying shit literally without even knowing what they are getting, especially in the context of constant price increases. and that is a bubble.
will it deflate or burst or balloon further up into the stratosphere? who knows. trust no one.