The mother of a friend of ours passed away and he sold her house in February. Her home is located in a very desirable (and unincorporated) area in OC, adjacent to LA County. We stopped by the open house and his realtor said he just got an offer of $1.39 million CASH.
My husband and I were speechless. With Covid, a sluggish economy and even with the help of their parents, it seemed crazy that young people can come up with that amount of money. The more I thought about this the more I think that investor group are hiring people to bid on homes.
