All-Cash Home Buying, a rising trend
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https://www.washingtonpost.com/business/interactive/2023/all-cash-buyers-housing-market/
Last year, nearly a third of U.S. homes were purchased with cash, according to data provided by the realty company Redfin. That’s an 8 percent increase from 2021, continuing a trend that started during the pandemic. The share of homes bought with cash is now at levels not seen since 2014 ...
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I should note the cash used to buy the house uses the colors green and WHITE. You guessed it. @Horace should we submit a request to make it Green and Black with the Bureau of Engraving and Printing?
@89th said in All-Cash Home Buying, a rising trend:
I should note the cash used to buy the house uses the colors green and WHITE. You guessed it. @Horace should we submit a request to make it Green and Black with the Bureau of Engraving and Printing?
Works for me. There would still be a guy named George on the $1. Floyd this time.
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The problem is I was born with a short position in housing that I, or someone on my behalf, has always had to cover.
@jon-nyc said in All-Cash Home Buying, a rising trend:
The problem is I was born with a short position in housing that I, or someone on my behalf, has always had to cover.
I don't see how that affects the decision of putting money into the stock market, or a house.
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Well I have to put money of some sort into housing.
I’m practice, I’ve done both. Far more in the market than in housing
@jon-nyc said in All-Cash Home Buying, a rising trend:
Well I have to put money of some sort into housing.
I’m practice, I’ve done both. Far more in the market than in housing
I'm sure we all understand the house represents a small fraction of your money. I was just curious about how a theoretical short housing position one is born into, translates meaningfully into capital allocation decisions when it comes time to buy a home.
