The 1 Percent Is Buying Up All Of The Low End Real Estate

[SoCalDem]

28. This is always the "next step" in a financial collapse

If you are worried about "the markets", and you have loads of cash laying around, you buy real estate.

There is only so much land to go around, and when it's "on sale", rich people snap it up.

That's why it's so disingenuous when real estate people go on and on about what a great time it is for first time buyers to get that house they have always wanted.

Most of the really good bargains never make it to market, or are immediately snapped up.

A real estate agent friend of mine said they often have multiple houses bought at one time.. with cash.

Rich people have legal people already on staff, who can research the validity of documents that come with the house, and they can cut through a lot of red tape that a first time buyer may not ever know about.. and who may end up buying that first house that comes with a tangled mess of dubious paperwork.


People who foreclose on houses always prefer a quick cash sale, to a long drawn out process of newbies trying to qualify for loans..