From my perspective, no none of them are foreign money. Most of them are professionals either in the legal field, engineering/biotech field, and medical field. Most of them are renting and have money from a previous sale. A couple of them are retirees and I don’t know where the money came from at all. It is not my business to ask. Of the professional coupls, a few of them are dual income families but not all. In every case they have or are striving to have 20% to put down. In a few cases they are all or most all cash. In all cases they are buying for the long haul but they are not just jumping in feet first. Most all of them have been shopping for many months if not more, with the exception of one who is a relo from the southeast. Most of them do realize the prospects of future depreciation although they do vary in opinion on the scope of that depreciation regardless of my opinion. Many if not all of them are frustrated by the recent activity surge. I would imagine most of them will continue to wait although some of them will continue to shoot in lowball offers. Many kind of have the same thoughts as you mentioned above that the price is not great but doable for them. They may continue to wait for a month a year or many years. They all vary.
