You have folks now that have a 4%+ income/money advantage over you now, on top of roughly a 15-20% advantage they had from last year….And if you’ve been idle in the equity markets for the past 3-4 months, there’s 6-8% advantage others who haven’t been idle have over you..Don’t believe me…Go put in offers, and see what sort of people are coming in with strong offers, besides the offers from institutions (aka Black Rock)…
You know the “I’ll do a full cash offer at asking” isn’t necessarily gonna work…There’s other people that do exactly the same thing.
The reason why I’m sort of out now, is it’s getting too rich for my blood..But I don’t deny there’s plenty of people with much more financial firepower than I have right now. And for them, things make perfect sense.
