So...listening to the news again for a minute...found out that Joe Biden paid CASH for his beach house.

THREE MILLION DOLLARS in cash. He bought the beach house RIGHT AFTER he left office as Vice President.

WHERE does anyone get three million in CASH?????

Opinions?

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Abstraction · 61-69, M

It's quite common for people to buy property with cash. Cash in this context doesn't mean you turned up with a trailer full of notes. It means you didn't have a mortgage. If you've sold a previous property or whatever you can often buy outright. He's not a factory worker, he has some wealth.
"The definition of a cash buyer is someone who can purchase property outright with money they have at their disposal; meaning they do not need to get a mortgage or loan to buy the home in question."
https://www.pettyson.co.uk/about-us/our-blog/688-what-does-cash-buyer-mean

4meAndyou · F

@Abstraction Yes, but he did NOT sell his first home. He didn't make enough money in his previous jobs to support his palatial first home and still have THREE million in cash to buy the beach house.
He had no side hustles, (according to him), and we all KNOW he didn't sell his Porsche. He is a lousy money manager, (as demonstrated by the way he is handling the national budget).

BTW...I bought a house with cash. So I KNOW what a cash buyer is.

Here is a photo of his first home in Wilmington, Delaware: (He still lives there).