The reason is simply supply and demand ... if there an abundance of high paying jobs and it is generally a desirable place to live, then many wealthy people will pay a premium to live there, and they will generally prefer to live there long term and favor owning over renting ... this is reflected in the market pricing. 

As history as shown, liquidity is what will get us through rough times and we can jump on opportunity when it's abundance. 

The abundance of 3000-30,000 sqft homes that sit empty 9 months out of a year.

The good that you put out there will be returned abundantly.

From what I've gathered, getting on the phone for a minimum of two hours daily is essential along with networking / marketing skills, luckily I did a lot of cold calls when I sold cars and have pretty good skills overall socially, I just don't know the lingo and don't have anyone to emulate just yet.Thanks for reading my introMay those seeking success find it in abundance today!

Your right about the abundance of info on bp.

Your right, its an abundance of knowledge.

@Lawrence L. thank you I wish you lots and lots success and abundance.

Most likely the point that the agent was trying to make is that there is an abundance of buyers who are paying cash under $100k and the chances of your financed offer being accepted are significantly lower if the seller is sitting on a pile of cash offers. 

Not uncommon, this was a terrible time for management and collection attorneys because foreclosures, delinquencies and bankruptcies were abundant then.