you know, it seems that some folks on this forum are just waiting to cash-in on misfortunes of others, no matter what the circumstances are. While I am also upset about flippers, I wouldn’t be rubbing my hands waiting for the whole market to crash so that I can have a home while many families (who made some bad decisions) become “homeless”. It’s not like everyone who buys a home is a flipper.
I don’t really think it is about cashing in on the misfortune of others as much as it is about waiting for the artificially inflated prices to return to the norm.
For the folks that bought prior to the run up, good for them. A lot of them did one thing right, they were born a few years earlier. therefore they were already in the work force and bought when they did.
the true victims of the price run up are the folks that were born a few years too late, they got out of school or they just moved into town just in time to find the prices skyrocket.
when the prices were increasing, the public were kept away from the true cause of the run up. they were told this was a legitimate price increase caused by increase in population and the lack of land. two things that the victims could have done. #1, listened to that reasoning and buy something they knew they couldn’t afford, or #2, do their own research and stay out of the market.
I would not come in here and start slamming the community of posters here because they and Rich truly have helped a lot of folks fight that urge to buy, and these folks truly are a whole lot better off for it.
