If I read the same article many of the cash buys nationwide were attributed to entities scooping up residential properties at depressed prices to rent and/or resell.
Probably a large percentage of properties in most 55 and over communities are sold to retirees who are cash buyers.
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"No one is more hated than he who speaks the truth." Plato
“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
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