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The contingency period in the contract is parallel with the financing process. They are not intertwined - apart from the contract being contingent upon securing a loan. If the inefficiency results from compliance issues due to needing to rate, package, and sell the loan, then couldn't an enterprising banker market speed of closing and absorb moderately more risk by having the loan on his books for a few additional weeks? In a competitive market, cash offers (one less contingency, sure but also speedy closing) are preferred.

Yes. Completely irrational. I can secure $60k+ in a matter of hours to purchase a new Tesla or Merc. Drive it off the lot and suddenly worth less than the loan. Real Estate, however, can take 45 days to close a loan when the projected value of the asset is surely positive. Antiquated and balkanized title process and (I suspect) unhealthy regulatory requirements are a bog. From there, I think it is simply inefficiencies in the lenders' operations. Would love an insider's take.

I kinda think it is with an over-the-top deliverable being physical presence. Being here is only the baseline. Executing on strategy is what keeps the paychecks rolling in.

Anyone else think this is related to the meeting they had with Glenn Beck, et al.?

What impresses you the most about american free enterprise? What most disappoints you about it?

You go to google.com, right? Nailed it.

How does this effect the supply chain? Let me re-phrase that, are we still criminalizing the supply side? If so, we're just exporting our violence south of the USA border.