I’m actually hoping the regular sellers who don’t really want to sell would hurry up and get off the MLS.
Most of the homes sold in San Diego county were financed with the dangerous ARM products that we are beginning to see foreclose en mass. I’ve seen articles mention that as much as 80% of the new mortgages between 2003 – 2006 were these toxic mortgages.
So yes, please, all you flipper wannabes out there give it up and take your POS off the market. I only want to be dealing with the thousands of desperate lender foreclosed properties increasing exponentially every month now.