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3
Why CASH home Buyers may have Strong Short Term Buying Advantages
Well here we go again ... imagine our government creating chaos in the housing market. The story has been a common thread over the past few years as the lending pendulum swings between borrowers getting loans with zero credentials back to high level scrutiny. Now anyone following the trends has surely recognized things getting more difficult for borrowers and while some notable politicians lined their pockets during the heyday of easy money loans, they have now legislated competitiveness OUT of the system.
Now with the Government Shutdown looming, it seems apparent that the lending slowdowns and altogether freezing in some segments like USDA and other Government backed loans that require certain verification through the IRS are ahead.
So, CASH is KING again for awhile and what a great opportunity for the investor with money to spend. It's a perfect storm and especially for the investor with CASH.
Buy at reasonable prices in a market with short supply and very little Buyer competition.
Meanwhile rental vacancies are trending downward and rental premiums are going UP!
If the shutdown continues, it only makes things better for the CASH Buyer and almost assures upward price pressure in housing the moment loan money is freed up again in the future.