Quote:
Originally Posted by Tom Joad
I'm seeing it here in the real estate market.
The market is in the tank, but the majority of sales in this area are going to cash buyers. There are people out there with big wads of cash buying them up. My house is going to a cash buyer. For $15,000 less than I paid for it 10 years ago, and I think I did well. The Real Estate Agent I used told me that every house sale he has had so far this year has been cash.
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There is cash coming from China, Russia and South America for Real Estate.
The Chinese have a new term "Naked Chinese".
http://www.miamiherald.com/2014/06/0...-who-sent.html
06-09-2014, 09:04 AM
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