I feel sorry for the RE professionals that have paid their dues and made it through the various cycles only to be brought down by all the scam/sham RE professionals in this recent cycle.
I have to be honest, growing up in Minnesota, I never heard the term “investment property” or “flip”. People bought their homes to live in an establish their place in a community.
Southern California has fucked itself now. Nobody even wants to establish a community anymore here. The beach communities are full of college students and vacationers, and the other communities are full of greedy pigs checking “comparables” every day wondering if the time is right.
I think I will have to have a couple of beers tonight to calm down.
