[quote=CA renter]
Housing — 43% of the sales in Q1 2014 going to “all cash” buyers (though not using traditional mortgages, they can still be highly leveraged). The fact that so many are buying “all cash” says to me that speculators are heavily in the market, even though some of the institutional speculators have been pulling out.
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From where do these buyers get their cash? I do not see banks giving out any of the easy loans. Just curious….
