Housing Bubble 2.0: All-Cash Offers Increasingly Required To Compete In Overheating Markets

Back in 2005, anyone with a modest amount of startup capital and a dream could become a millionaire flipping houses. The complete disregard for the underlying risk building up in what was later exposed as one of the biggest pricing bubbles in history resulted in investors dominating a market that had previously been reserved for boring people who actually intended to purchase homes to live in them.