Letter to the Editor: People with $460,000 cash should not be in a deed-restricted home

Letter to the Editor: People with $460,000 cash should not be in a deed-restricted home

I read the article about Elisabeth Lawrence selling her deed restricted house.   I understand that homeowners are trying to squeeze out every profit they can through selling “personal property” as the appreciation of the home is capped. However, I was shocked that out of five offers, three were full cash offers at more than $460,000! I thought the deed-restricted houses were for cash strapped locals who were struggling to come up with down paym…