Well, according to the article 3&#x2F;5 of foreign buyers paid cash, 1&#x2F;3 of domestic buyers paid cash, and 1&#x2F;5 of all buyers are foreign cash-only buyers.<p>1&#x2F;5 (all buyers) = 3&#x2F;5 (foreign buyers)<p>So one in three buyers is foreign. Which means two in three buyers are domestic, which means two in nine buyers is a domestic buyer who pays cash. So that puts the number of cash-only domestic buyers higher than foreign investors. That means that it&#x27;s roughly the same absolute number of domestic cash-only and foreign cash-only (allowing some fuzziness in the numbers), not quite mostly foreign cash-only.<p>We can safely then conclude that the article linked does not support the claim that the people bidding cash are mostly foreign.