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Meanwhile I can’t even save enough cash for a down payment.
Wow. “In April, buyers paid entirely in cash for 64 percent of the homes sold in Manhattan, according to Marketproof, a provider of New York City real estate data. In contrast, cash buyers accounted for 39 percent of April sales in large U.S. metro areas.”
In Manhattan Real Estate, Cash Is Everythingwww.nytimes.com All-cash purchases shot up to 64 percent of home sales in the borough. Here’s who’s buying.