[quote=sdrealtor]I never said you werent battling government intervention. To the contrary I was the one who predicted it all nearly 3 years ago on this site. Its all there in B&W in the archives. That is what you are battling not flippers. All this flipper talk is misguided anger.[/quote]
OMG – the flippers are picking up the other end of the stick here. Why couldn’t I have bought Beryl, for example. Please don’t make me list all the properties I could’ve bought, not to mention future ones I won’t be able to buy b/c flippers are helping to raise the price. I never said it was exclusively flippers, but they share in it, just as they did during the bubble.
[quote=garysears]
When I look up the prices flippers paid I just don’t want to buy a house for 270k that was bought for cash for 150k. I assume I could fix the house for much less myself.
Where are the 150k houses on the MLS? They do not exist. The government lending is putting money straight in the pockets of the speculative flippers. They are really a big beneficiary at the expense of the ultimate buyer. I know I focus on insane margins and it is probably true they have come down a lot. Minus the easy money, the speculative flippers would probably disappear. Legitimate rehabbers will always have a market.[/quote]
THANK YOU!
[quote=SD Realtor]Yes JP if you want me to admit that the flippers who probably represent less then 5% of total sales in the county are 100% responsible for providing price support. If that is what you honestly believe then fine you can believe it.[/quote]
I NEVER said the flippers are 100% responsible. Plenty of blame to go around. The flippers just play a part.
I think you and sdr are being a little overly defensive here.
