Getting mad or jealous that someone might make 12% in one month is just a waste of time. If they bought at the TS, they paid all cash. People buying at the TS provide a valuable service. They are more likely to fix anything wrong with the house and put it back on the market at a reasonable price. This aids in getting the market down to the levels most of would like to see. Buying this at 535K and trying to sell at 598K is not however a spread I would feel comfortable with. Remember you have closing costs in there.
It cracks me up how pissed off people get when they think someone else might make a quick buck. It was not the “flippers” that caused this bubble. There is risk in every one of these deals. Lets see how this one plays out… I’ll bet not well.
