Americans Are Buying Homes Sight Unseen: Here’s Why
Lester Knispel bought the $1.5 million white-columned house on the second fairway. His Porsche is now parked in the garage. And family pictures hang in the living room.Q3 2020 hedge fund letters, conferences and moreBut Lester and his wife have never set foot inside their new country club home! They live in California, and didn’t want to visit Florida during the lockdowns.So instead they toured the five-bedroom mansion virtually, bought it, and then shipped the car and furniture soon after. “I never thought I’d buy something like this, sight unseen” Knispel told the Wall Street Journal.In 2013...