Anecdotal evidence suggests that in the #housing market increasingly cash is king:

It seems, partly driven by the difficulty of getting a #mortgage in the first pace, but also by mortgage lenders increasingly pessimistic valuations (sometimes coming in well below the offer price), vendors (encouraged by #EstateAgents) are giving preference to cash buyers...

Yet one more way the #housingcrisis is consolidating #inequality & the flow of assets to the cash-rich; for the rest #rental hell beckons