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Cash Is King in San Francisco Real Estate. All-Cash Buyer Market at 20 Year Highsfstandard.com

Thinking of buying a Bay Area home with a mortgage? You might be fighting a losing battle. From $10M AI “quiet-loan” cash drops to parent-funded bidding wars, all-cash buyers are pushing the Bay Area to its highest…

4 points•karakoram•4 days ago•7 comments•
#cash#francisco#real#market#king#buyer#san#estate

7 comments

GlibMonkeyDeath4 days ago
"Since their pre-IPO stock is still locked up, they’re taking out “quiet loans” — borrowing against their equity beforehand so they can put in an all-cash offer. "

What could possibly go wrong...

Ekaros4 days ago
Depends on loan agreement I guess. Best case they are out of some worthless stock. Worst case well they overpaid for house and now their stock is worthless and they have to cover difference.
andsoitis4 days ago
One of the most vocally progressive cities in the United States is the most regressive when it comes to actually improving real people's lives.
dlcarrier4 days ago
Going off the actual definition, and not the political party that has historically used the term, the San Francisco bay area is one of the most conservative and least liberal regions in the country. The peninsula isn't even the most extreme, the north bay is.
bdangubic4 days ago
they’d be great at it if that was anyone’s goal there
andsoitis4 days ago
when you think words carry the same impact as actions, you get these very poor outcomes. talk is cheap. it soothes the ego but doesn't move atoms.
michaelastreiko4 days ago
The financing angle makes the headline more nuanced: all-cash bids can be a liquidity premium, not simply a preference to avoid mortgages.

Read the full thread on Hacker News →

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