Even you can buy a house with cash
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 19 January 2022
⏱️ 10 minutes
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| 0:00.0 | NPR. |
| 0:11.9 | This is the indicator from Planet Money, I'm Darien Woods. |
| 0:14.8 | And I'm Chris Arnold. |
| 0:16.1 | Chris Arnold, you report a lot for NPR on the housing market, which is going pretty well |
| 0:20.8 | at the moment. |
| 0:21.8 | Price is going up and up and up. |
| 0:23.2 | Yeah. |
| 0:24.2 | For anybody who wants to buy a house, something paradigm shifting has come along that can actually |
| 0:31.0 | help you. |
| 0:32.0 | I'm ready as soon as I heard the phrase paradigm shifting. |
| 0:34.8 | Game changing even. |
| 0:36.3 | So if you look at home sales today, about 25% of homes are bought with all cash offers. |
| 0:44.3 | And those come from investors that do this, wealthy people can do it. |
| 0:48.1 | But the bottom line is that most of us do not have hundreds of thousands of dollars in |
| 0:52.9 | cash sitting around to buy a house with. |
| 0:55.6 | So for the rest of us, if we're trying to buy a home, that lack of cash just waiting |
| 1:00.6 | on hand puts us at a really big disadvantage. |
| 1:04.0 | Because if you're selling a house, why wouldn't you go with the person that just has the |
| 1:07.6 | cash waiting and ready? |
| 1:09.2 | So this brings us to the game changer. |
| 1:11.7 | To the paradigm shifter. |
| 1:13.0 | Yeah. |
... |
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