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SVTPerformance's Chain of Restaurants
Road Side Pub
Thoughts on Real Estate- bubble burst or not?
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<blockquote data-quote="365 Saleen" data-source="post: 16707959" data-attributes="member: 201889"><p>The wife works for a real estate firm in the Seattle area. They have just over 400 agents. She handles the paperwork that they all have to do to make sure it is completed correctly and on time and also handles the commission payouts. She said that 80+% of cash purchases are from people with a Chinese surname. Most of these cash purchases are made well above what the asking price is. Sometimes by well over $100K </p><p>I can't speak to how this is playing out in the rest of the Country, but it gives me pause to what is actually going on.</p></blockquote><p></p>
[QUOTE="365 Saleen, post: 16707959, member: 201889"] The wife works for a real estate firm in the Seattle area. They have just over 400 agents. She handles the paperwork that they all have to do to make sure it is completed correctly and on time and also handles the commission payouts. She said that 80+% of cash purchases are from people with a Chinese surname. Most of these cash purchases are made well above what the asking price is. Sometimes by well over $100K I can't speak to how this is playing out in the rest of the Country, but it gives me pause to what is actually going on. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Thoughts on Real Estate- bubble burst or not?
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