All cash bidding wars for single family homes (including tear downs) and luxury condos in the DC metro area are going insane with rising prices!
76 all-cash offers on one home. The housing madness shows no signs of slowing https://amp.cnn.com/cnn/2021/03/29/su…
This is another perfect example of the Cantillon Effect as the DC metro area is closest to the new currency and credit trough that the DC Fed creates so economic and political insiders and elites here in the area get more currency and credit cheaper and easier and they buy up houses and luxury condos with extra cash.
Soaring home prices are starting to alarm policymakers https://www.politico.com/amp/news/202…