There are still a number of current buyers out there that are going to get burned by this market. You would think the simple prediction of the interest rates rising to curb inflation would keep many buyers from purchasing in this market. I agree that many people can still afford to purchase a home and maybe everyone does not have the same idea that a home purchase is an investment. I personally believe this next year is going to get nasty with all the negative news still yet to affect the market.
Buying a flipper is a very speculative move in this market because when those rates start moving over 7% and 8% we will really start seeing a stagnate market. We are in the age of the paid programs and million dollar dreams. Everyone thinks they are more educated about RE purchases than ever before. The educated investor only knows what they have seen, but fear the unknown. The truth is no one has witnessed what will occur when this market really crashes and it is coming soon.
