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California

DarthDem

(5,456 posts)

4. Good points

Reply to Backseat Driver (Reply #2)

Sun Sep 27, 2020, 03:19 PM

Sep 2020

You just can't discount (pun not intended!) the influence that all-cash buyers have on the market, and right now you have to think they're probably figuring real estate is a safer investment than the stock market, right? So it could be difficult at the moment for so-called "middle class" (I try not to use that term too often) people to find inventory and beat out the cash buyers. That happened after 2008-2009, coincidentally enough the last time GOPers sat in the White House.

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There's a pandemic, but Southern California home prices are at record levels [View all] Zorro Sep 2020 OP

This is probably customerserviceguy Sep 2020 #1

IDK - Buyers need quite a bit more cash than is reflected by a lender's pre-qualification. Even then Backseat Driver Sep 2020 #2

Good points DarthDem Sep 2020 #4

Prices in wine country and Tahoe are also setting records Auggie Sep 2020 #3

I think that's also representative Mr.Bill Sep 2020 #5

More new fires in "wine country" tonight. Backseat Driver Sep 2020 #6