Item — HN Reader

> Need to buy a house? bid 20% more than asking, if you don't - someone else will.. in cash.

Buying in cash is being done to skirt the tightened up lending standards that followed the 2008 Crisis:

2 comments

>superstonk

I'm baffled why people would get their economic analysis from a subreddit predicated on a short sequeeze that has failed to materialize.

What gave you the idea that it would materialize in your time frame?

It's being done to win bidding wars, because it's much less risky for a seller to choose a cash offer over financing.