[quote=sdrealtor]Just checked 40 recent sales and 8 had offsite mailing addresses (almost all at the low end). 3 were cash buys by obvious flipper groups. 1 looked like a guy buying something for a family member or ex-wife. 1 looked like local folks buying rental for cash or for a family member to live in. 3 were bought all cash by the same family (likely as rentals) who own a successful local business.[/quote]
Thanks. So with this small sample, roughly 40% is investor activity…Wow….
I guess with the stock market trashed, the CD rates/interest trashed, people are looking for better returns….
