Okay let me play devils advocate… No flippers, all reos go to the bank. The bank puts them on the market…. then what.
Will the banks put all those properties on the market? The supposed thousands of flipper marketted homes? Should we expect to see s dramatic rise in inventory? Of course we should expect the banls to put all properties out on the market immediately correct? Nobody would ever think the banks manipulate inventory do they? Additionally now the banks will have substantially more properties now correct?
I guess prices will be lots lower now because those thousands of flippers will not be there on the market.
Do you really in your heart believe all of that? Do you honestly and I mean honestly believe that? In light of all the loan mods, moratoriums, fraud, inventory manipulation and all the other things going on you really feel that flipping has that much of an effect? I would turn it around and say with all the govt backstopping of banks and manipulation of inventory, flippers may be the only source NOT manipulating things right now.
Really we got into it because it was REALLY THE ONLY AVENUE we saw to make some money FOR A TEMPORARY TIMEFRAME given all the underhanded stuff going on.
