They usually put 30 or 40 percent cash into their purchases, getting mortgages for the balance.
The offer is made up of 60 percent cash and 40 percent stock.
They can go 5 or 10 percent cash, then they have to just bleed every day.
So this week I began to lighten up on stocks, moving from a fully invested position to 10 percent cash.
Those numbers could be adjusted to 60 percent cash and 50.24 percent in notes.
Rather, its offer is only 25 percent cash; the remaining 75 percent would be in stock.
"I think the most sensible way to compensate people is 100 percent cash," he writes.
And there are strict rules on home sales, including a requirement of a 50 percent cash down payment.
You have to put down at least 50 percent cash.
He's also sitting on about 15 percent cash, though he says that's not a reflection of any bearishness.