WHY can't I buy a house?

[Kyle Ward]

I live in Portland, OR. I have been trying to purchase a fixer but have yet to succeed. Now, I know the price of anything is what someone will pay for it, so a large part of the result is in my valuation. But when I run my number it is usually done with cost to rehab myself (saving money) and I have been making cash offers. Are people really spending 400k+ for less than 10% ROI? (it's seems everyone else has cash too)

[Russell Brazil]

Offer more money. Probably not what you want to hear, but thats the reality of the market.  I see some people constantly, sometimes for years under bidding the market, and will raise their prices, but still always trailing the market. At some point, you got to decide to buy or give up instead of spinning your wheels.