THIS is more than insane....My BILhas his house on the market in Broomfield, it was built in mid 1990...3/2 spit level,double car garage, BIG backyard.(fenced) BUT it faces main thorough fare for Broomfield ,WITH A CAR DEALERSSHIP ACROSS THE STREET....has 60 people lined out that want to see it,one offer at $505,000,back up offer at$550,000...(financing more complicated)...they are going thru inspections this Friday...the BIG if...will the appraisal
come in on the mark? They are moving to Texas,house found,contingent on this house sale......WILL PAY CASH FOR HOUSE and after all fees,walk away
with 75,000 cash...IF INSPECTIONS,APPRAISAL COME THRU.
Foreign cash is coming here and buying up American real estate. Considered a stable investment compared to their own economies. They then rent the homes to Americans. I know a 900 square foot house in Old Town Arvada renting for $2500 a month.
Thomas Sowell: There are no solutions, just trade-offs.
