The only thing that pisses me off IF it really is just flipper/invester’s and not people buying a primary residence is that it is our tax dollars holding Fannie and Freddie together so these guys can do it. I thought the point was for us to help people become homeowners, now we have a synerio where those subsidies (the fact people can get 10 TEN! loans) are prob the reason these people cant buy their primary residence right now. Total BS.
On the other hand I question these potential owners. They seem to have the idea that they should be able to log online, see a price and go out and get it just like they would a TV or table or something. It doesnt seem to dawn on them that this is a starting price. I am sure if they keep only offering on the lowest price short sales, prob at the asking prices which obviously are intended to start a bidding war, and not bidding on true home values, they are gonna stay renters. Who is there damn agent?
