Agreed on the credit. REAL down payments are required, as well as solid FICO scores to even compete. But when listings are being taken down (bought) by all cash and over asking you gotta ask how long can it last and when will the music stop?
The foreign money deal is a hard one to peg as far as how long that will last.
Most of the people I am seeing at investment property tours are locals FWIW.
Rents have absolutely skyrocketed around here too.
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2004 NASA AIX Mustang LS2 #14
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