Re:Cash buyers make up almost a third of U.S. home purchases
by Noumenon72 on Sunday September 18, 2022 @01:57PM
(#32889729)
If I understand correctly, what you're saying is that selling for $200k usually means you had $120k left on the mortgage, so you only get $80k and can't make a cash offer for a new $200k home.
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Re:Cash buyers make up almost a third of U.S. home purchases
by danans on Monday September 19, 2022 @12:10PM
(#32900249)
> so you only get $80k and can't make a cash offer for a new $200k home.
Or if you are buying an $80k property with the proceeds, it is so different than the sold property - either much smaller or less desirable in some way - that you are buying in what is effectively a different market altogether.