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Updated over 4 years ago,
What is Driving the Rush to Buy RE?
So I just lost a bid on a property. I - a risk averse newbie decided to make an offer sight unseen in a part of town I am not too familiar... With an asking price below 150K, I put in an escalating offer up to 5K over asking price. Someone else escalated to 25K over ask. What is all the rush about?