[quote=FlyerInHi]SK, sometimes I write too fast and don’t think. Doing all of that on iPad and multitasking tasking also.
I was just surprised that CV had only 20% all cash compared to 30% for the region (I remember something about dataquick reporting that). But you gave a good explanation – prices are higher in CV and it’s harder for investors to make money on rentals.[/quote]
There might be another angle to it…People might throw in all cash offers to get the house. But during escrow, there’s nothing preventing them from trying to get a loan while in escrow (so long closing isn’t contingent on the loan). Afterall, at closing, no one cares where the money came from as long as it’s there. Of course the only people who can play this game are people with money to begin with.
