Cash is king has been a saying for ages. It’s the thought that cold hard cash is the best investment tool out there because it’s physical, guaranteed, and rarely influenced by outside forces. Of course, inflation and economic fluctuations are always a concern, but national currency is always federally backed.  

The saying’s not for nothing, no matter how overused it is. In a time where money can seem like more of a metaphor than something real (considering the rise of crypto and other types of digital currency that can crash at any moment), it’s always a good idea to keep one’s assets and finances in the physical world. 

While mortgages and other loans are perfectly legit, the pandemic has changed our asset mentality quite a bit. According to Redfin, 30 percent of all houses sold between January and April of 2021 were bought with cash.

The COVID restrictions have introduced a new housing uncertainty for many people. For buyers, having their new home paid for out of the gate and not having to worry about it being taken away is a huge relief. For sellers who might be hurting financially, watching a substantial chunk of money drop into their account is a welcome sight.