Are we really at the point where someone who bought a house five years ago is considered a “flipper”? I bought a condo in 2000 that I sold in 2004. Prices got crazy and I decided to sell. Does that mean I was a “flipper”?
But more to the point of your question: Who cares? Just buy the home you’d rather live in at the price that’s best for you. If someone makes money on the transaction (or doesn’t), who cares?
Don’t get me wrong, I’m full of schadenfreude right now watching this housing mess unwind… but I have no problem whatsoever with someone making money on their home after holding it for five years. Maybe I’m just crazy that way.
