Is the American dream dead?

I’ve put multiple offers on homes all decently above ask price with all but one contingency waived but every single house has been swiped by all cash offers. What the fuck

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The American Dream never existed

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Ok A1 you little commie

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What market?

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It’s every market people in our industry actually want to live in.

Are you sure your realtor is acting fast enough?

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He is - always in prior to offer reviews

You have a better chance against the all-cash offers if you are not expecting the seller to pay anything towards closing costs and are pre-approved - best to make that clear up front.

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Cash offers offer a faster closing than the loan route

OP come back and tell us the city

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So your definition of the american dream is your failure to close on a house in a specific market?

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It’s not dead. It’s just made easier for folks with higher cash reserves. Keep saving, keep scanning the market. you’ll find the right situation, maybe sooner than you think!

Sorry you’re having problems.

But cool because we are about to go on the market.

where you at?

Housing Price Index (Case Shiller) are near Pre-Recession highs for a number of US metro areas. Can't comment on the American Dream, but my understanding is that market is supply constrained right now (vs speculation during 07).

Probably DC

You got it

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Make an all cash offer. Then switch it out.

Happened to me in Chicago. Put in an offer they took my offer to their previous cash offer that they declined and ask them to match. Fucking crushed me.

Foreign investors with cash in hand can do that to you.
I love what NZ did. If you aren’t a citizen or at minimum permanent resident living in the country and paying taxes, you aren’t entitled to purchase property. That’s exactly what US should be doing. That’s when the American dream will live on.

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