Cash Buyers, Inflation, and Real Estate

The recent news out of California, that cash buyers have set a record in home purchases, is the kind of news that makes me go Hmmmm. I wrote about it on AOL briefly, but wanted to dive into a bit more detail here.

First, the news from the LA Times (h/t: Calculated Risk):

All-cash buyers grabbed a record 30.9% share of the Golden State's houses and condos …