We just lost out on another opportunity to own a house. At this point over the last year we have made 12 offers, some for over, some for under and some with escalation clauses. Every time my realtor gets back to us and says the seller went with a cash offer, every time.
We’ve done everything right, our finances are all in order and we have zero debt. Our apartment building was sold during the peak of this madness and once our lease is up in May I’m certain our rent will more than double. We’re lowering our standards and offering more on homes we wouldn’t have even considered six months ago. Meanwhile rent here is skyrocketing.
What “cash offer” means to me is another corporation came in and stole a house away from the normal guy. We’re on a fast track to a permanent renters class here and it seems from my perspective that nothing is being done about it.
I know everyone is sick of talking about it but enough is enough.