First Time Buyers?That's a Joke!

by L. J. Martin http://fromthepeapatch.com I guess I shouldn't be surprised when I read headlines like "fewer first time buyers hurt market," in an article regarding home sales, or that, surprise, 33% of home buyers are cash buyers. You can't buy a foreclosure without cash, or a bank letter of credit which is the same as cash. Reporters (and politicians) would make you think that many buyers out there actually had cash to pay for their new home, when the buyer was actually an investor or gro

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