“who’s to say that when the $hit hits the fan – you won’t have these same peple doing the same thing, only not even bothering to rent out the old one..they get thehouse they want…and then they just let the old one go…”
So, one house is purchased & one house is let go (foreclosed by the lender & eventually ended up back on the market). In term of supply & demand, the sale & the foreclosed house basically cancel each other out.
I don’t see how this would prevent the shit from hitting the fan ? 🙂
In general, foreclosured homes are sold for less than non-REOs. So, if anything, what you described would make things worse. 🙂
