Who Has This Much Cash?

Supposedly the housing market has seen better days. This is another reason James has pushed so hard to find a house. If we get one, we are looking at an awesome interest rate. One of the best. Okay, let's go buy a house!!
We have seen a few we would buy and have put offers in on 3. The first one was this super cute house in Mukilteo. We knew this one was a winner. The woods were the backyard, it was immaculately landscaped, it was in Mukilteo (hello $$$) and it was cheap. With a few minor fixes we could flip it and make bank. The only weird thing with it was one day we went to check it out, for the third time, and in the master bedroom was a floor FULL of dead bees. No joke. We went for it anyway although we were very nervous and we were SO close to getting it. Out of nowhere we lost it to some business who bought it for CASH to turn it into a rental. Whack!!! Our agent assured us we were what the bank wanted. We were a family, first time buyers, she said they liked that thing. Apparently they like cash much better.
We were hurt but okay after a few days. After all, that place had a room full of dead bees and absolutely no explanation. We could have been stung to death there. Our second offer was this crazy house that I am glad we lost. It was awesome though. It had a secret garden. It wasn't even listed in the write up it was that secret. It had a gorgeous view. It was very private. Our neighbors were political hoo haws. It was a terrific price. However, the previous owner killed herself (not in the house) and it had foreclosed. It had more shelving than a hardware store. It was kinda small and a dog had its nasty way in the office. We made an offer anyway and lost it to another cash buyer. Seriously? Who has this much cash?
Our third offer is still good. I am waiting for the cash buyer to come and steal it away from us. After what we are finding out though, they can have it.