From what I’ve seen, if a house is priced very reasonably, especially if it’s a fixer (and priced accordingly), it seems there is an ample number of investors who are looking to buy rentals, or flip — very often with cash.
This is why I really have a problem with “investors” in the housing market. I’m a proponent of the “Ownership Society,” but want to see an environment where houses are bought for living in, not as “investments” for the rich. It’s the investment mentality that helped drive prices up to the crazy heights we’ve seen during the bubble. It raises housing costs for regular, working families, which is a drag on the economy over the long-term.
