Are the Flippers Laying In Wait?

[an]

Since when is RE finite? Have you’ve been to places like Fresno? The are flat developable land everywhere. Btw, owning RE is not a necessity. It’s a luxury. People can rent.

[SD Realtor]

CAR I usually agree with you on most points but cannot agree with you on the real estate aspect.

I do not believe real estate is a precious finite resource. It is affordable in pretty much every part of the country with a few exceptions. We choose to live in this vastly overpriced market by free choice. However that is our own choice right?

Similarly there are even affordable homes here in San Diego, just in neighborhoods that you or I do not want to live in.

If I go to the trustee sale to buy a home for cash and then resell it I am a flipper right? However does that make me some criminal? What have I done wrong?

If I am sick of getting 2% in a CD on my cash and I can buy a home at trustee sale and make 20% on it, shouldn’t it be a no brainer to do the latter? Shouldn’t I have the freedom of choice to do that?

I think that nobody is forcing anyone at gunpoint to live in San Diego and tolerate these crazy home prices. I don’t like them and have been priced out of the neighborhoods I want to live in but I would much rather have a free market rather then having the government control/own housing.

Lest we forget it is the government that wants to reinflate the market.

[SD Realtor]

CAR I usually agree with you on most points but cannot agree with you on the real estate aspect.

I do not believe real estate is a precious finite resource. It is affordable in pretty much every part of the country with a few exceptions. We choose to live in this vastly overpriced market by free choice. However that is our own choice right?

Similarly there are even affordable homes here in San Diego, just in neighborhoods that you or I do not want to live in.

If I go to the trustee sale to buy a home for cash and then resell it I am a flipper right? However does that make me some criminal? What have I done wrong?

If I am sick of getting 2% in a CD on my cash and I can buy a home at trustee sale and make 20% on it, shouldn’t it be a no brainer to do the latter? Shouldn’t I have the freedom of choice to do that?

I think that nobody is forcing anyone at gunpoint to live in San Diego and tolerate these crazy home prices. I don’t like them and have been priced out of the neighborhoods I want to live in but I would much rather have a free market rather then having the government control/own housing.

Lest we forget it is the government that wants to reinflate the market.

[SD Realtor]

CAR I usually agree with you on most points but cannot agree with you on the real estate aspect.

I do not believe real estate is a precious finite resource. It is affordable in pretty much every part of the country with a few exceptions. We choose to live in this vastly overpriced market by free choice. However that is our own choice right?

Similarly there are even affordable homes here in San Diego, just in neighborhoods that you or I do not want to live in.

If I go to the trustee sale to buy a home for cash and then resell it I am a flipper right? However does that make me some criminal? What have I done wrong?

If I am sick of getting 2% in a CD on my cash and I can buy a home at trustee sale and make 20% on it, shouldn’t it be a no brainer to do the latter? Shouldn’t I have the freedom of choice to do that?

I think that nobody is forcing anyone at gunpoint to live in San Diego and tolerate these crazy home prices. I don’t like them and have been priced out of the neighborhoods I want to live in but I would much rather have a free market rather then having the government control/own housing.

Lest we forget it is the government that wants to reinflate the market.

[SD Realtor]

CAR I usually agree with you on most points but cannot agree with you on the real estate aspect.

I do not believe real estate is a precious finite resource. It is affordable in pretty much every part of the country with a few exceptions. We choose to live in this vastly overpriced market by free choice. However that is our own choice right?

Similarly there are even affordable homes here in San Diego, just in neighborhoods that you or I do not want to live in.

If I go to the trustee sale to buy a home for cash and then resell it I am a flipper right? However does that make me some criminal? What have I done wrong?

If I am sick of getting 2% in a CD on my cash and I can buy a home at trustee sale and make 20% on it, shouldn’t it be a no brainer to do the latter? Shouldn’t I have the freedom of choice to do that?

I think that nobody is forcing anyone at gunpoint to live in San Diego and tolerate these crazy home prices. I don’t like them and have been priced out of the neighborhoods I want to live in but I would much rather have a free market rather then having the government control/own housing.

Lest we forget it is the government that wants to reinflate the market.

[SD Realtor]

CAR I usually agree with you on most points but cannot agree with you on the real estate aspect.

I do not believe real estate is a precious finite resource. It is affordable in pretty much every part of the country with a few exceptions. We choose to live in this vastly overpriced market by free choice. However that is our own choice right?

Similarly there are even affordable homes here in San Diego, just in neighborhoods that you or I do not want to live in.

If I go to the trustee sale to buy a home for cash and then resell it I am a flipper right? However does that make me some criminal? What have I done wrong?

If I am sick of getting 2% in a CD on my cash and I can buy a home at trustee sale and make 20% on it, shouldn’t it be a no brainer to do the latter? Shouldn’t I have the freedom of choice to do that?

I think that nobody is forcing anyone at gunpoint to live in San Diego and tolerate these crazy home prices. I don’t like them and have been priced out of the neighborhoods I want to live in but I would much rather have a free market rather then having the government control/own housing.

Lest we forget it is the government that wants to reinflate the market.

[NotCranky]

[quote=CA renter]Not sure what you mean by your last two paragraphs???

Anyway, my personal belief is that basic necessities should not be controlled by a handful of people — whether it’s real estate, water rights, medicine, food, clean air, etc. Private property is fine, but control of finite resources leads to problems with monopolies and manipulative speculation which can cause great injury to many people who are powerless to do anything about it.

I personally prefer finite basic resources that constitute basic necessities either be owned/controlled by a democratic government or heavily regulated by the government. Yes, this includes real estate — a nation’s most precious finite resource, IMHO.[/quote]

I sort of see what you are saying that you believe. I think you are treating real estate investor speculators as less valid without any reasonable dis-qualifiers compared to other speculators when there really is no argument for moral or social value distinctions, given current realities.

Nationhood is about controlling finite resources for the few more than any other institution in the world. Let’s get rid of that. I think about the world back when there were real cultural differences and geography meant something more than what military or economic strategies could be imposed. Those days are gone. Why pretend we people of the world are different from each other anymore?

[NotCranky]

[quote=CA renter]Not sure what you mean by your last two paragraphs???

Anyway, my personal belief is that basic necessities should not be controlled by a handful of people — whether it’s real estate, water rights, medicine, food, clean air, etc. Private property is fine, but control of finite resources leads to problems with monopolies and manipulative speculation which can cause great injury to many people who are powerless to do anything about it.

I personally prefer finite basic resources that constitute basic necessities either be owned/controlled by a democratic government or heavily regulated by the government. Yes, this includes real estate — a nation’s most precious finite resource, IMHO.[/quote]

I sort of see what you are saying that you believe. I think you are treating real estate investor speculators as less valid without any reasonable dis-qualifiers compared to other speculators when there really is no argument for moral or social value distinctions, given current realities.

Nationhood is about controlling finite resources for the few more than any other institution in the world. Let’s get rid of that. I think about the world back when there were real cultural differences and geography meant something more than what military or economic strategies could be imposed. Those days are gone. Why pretend we people of the world are different from each other anymore?

[NotCranky]

[quote=CA renter]Not sure what you mean by your last two paragraphs???

Anyway, my personal belief is that basic necessities should not be controlled by a handful of people — whether it’s real estate, water rights, medicine, food, clean air, etc. Private property is fine, but control of finite resources leads to problems with monopolies and manipulative speculation which can cause great injury to many people who are powerless to do anything about it.

I personally prefer finite basic resources that constitute basic necessities either be owned/controlled by a democratic government or heavily regulated by the government. Yes, this includes real estate — a nation’s most precious finite resource, IMHO.[/quote]

I sort of see what you are saying that you believe. I think you are treating real estate investor speculators as less valid without any reasonable dis-qualifiers compared to other speculators when there really is no argument for moral or social value distinctions, given current realities.

Nationhood is about controlling finite resources for the few more than any other institution in the world. Let’s get rid of that. I think about the world back when there were real cultural differences and geography meant something more than what military or economic strategies could be imposed. Those days are gone. Why pretend we people of the world are different from each other anymore?

[NotCranky]

[quote=CA renter]Not sure what you mean by your last two paragraphs???

Anyway, my personal belief is that basic necessities should not be controlled by a handful of people — whether it’s real estate, water rights, medicine, food, clean air, etc. Private property is fine, but control of finite resources leads to problems with monopolies and manipulative speculation which can cause great injury to many people who are powerless to do anything about it.

I personally prefer finite basic resources that constitute basic necessities either be owned/controlled by a democratic government or heavily regulated by the government. Yes, this includes real estate — a nation’s most precious finite resource, IMHO.[/quote]

I sort of see what you are saying that you believe. I think you are treating real estate investor speculators as less valid without any reasonable dis-qualifiers compared to other speculators when there really is no argument for moral or social value distinctions, given current realities.

Nationhood is about controlling finite resources for the few more than any other institution in the world. Let’s get rid of that. I think about the world back when there were real cultural differences and geography meant something more than what military or economic strategies could be imposed. Those days are gone. Why pretend we people of the world are different from each other anymore?

[NotCranky]

[quote=CA renter]Not sure what you mean by your last two paragraphs???

Anyway, my personal belief is that basic necessities should not be controlled by a handful of people — whether it’s real estate, water rights, medicine, food, clean air, etc. Private property is fine, but control of finite resources leads to problems with monopolies and manipulative speculation which can cause great injury to many people who are powerless to do anything about it.

I personally prefer finite basic resources that constitute basic necessities either be owned/controlled by a democratic government or heavily regulated by the government. Yes, this includes real estate — a nation’s most precious finite resource, IMHO.[/quote]

I sort of see what you are saying that you believe. I think you are treating real estate investor speculators as less valid without any reasonable dis-qualifiers compared to other speculators when there really is no argument for moral or social value distinctions, given current realities.

Nationhood is about controlling finite resources for the few more than any other institution in the world. Let’s get rid of that. I think about the world back when there were real cultural differences and geography meant something more than what military or economic strategies could be imposed. Those days are gone. Why pretend we people of the world are different from each other anymore?

[CA renter]

[quote=AN]Since when is RE finite? Have you’ve been to places like Fresno? The are flat developable land everywhere. Btw, owning RE is not a necessity. It’s a luxury. People can rent.[/quote]

Of course there is a lot of undeveloped land in the U.S. Hopefully, we won’t develop all/most of it, because it’s one of the things that enables us to be self-sustaining (agriculture). Still, until we are able to colonize distant planets, land is indeed finite.

Yes, people can rent, but I’d much rather see a society where everyone has equal access to ownership, without the distortions caused by all the speculators — be they flippers or land developers who control many thousands of acres in high-demand areas.

I do not favor the perpetuation of a system that enriches the landed gentry at the expense of everyone else.
————-

The ownership of land has historically conveyed not only social and economic power but also political power; the term “landlords” is instructive. Government has often, albeit to varying degrees and in varying ways, been controlled by the owners of real property. Such has been an institutional remnant of feudal and post-feudal societies in Europe and comparably in other continents. The distribution of property, largely in the form of land, with which the modern economy commenced, the lasting vestige of earlier social forms, has channeled the organization, operation and performance of capitalist and other modern economic systems.

http://findarticles.com/p/articles/mi_m0254/is_5_59/ai_70738909/

[CA renter]

[quote=AN]Since when is RE finite? Have you’ve been to places like Fresno? The are flat developable land everywhere. Btw, owning RE is not a necessity. It’s a luxury. People can rent.[/quote]

Of course there is a lot of undeveloped land in the U.S. Hopefully, we won’t develop all/most of it, because it’s one of the things that enables us to be self-sustaining (agriculture). Still, until we are able to colonize distant planets, land is indeed finite.

Yes, people can rent, but I’d much rather see a society where everyone has equal access to ownership, without the distortions caused by all the speculators — be they flippers or land developers who control many thousands of acres in high-demand areas.

I do not favor the perpetuation of a system that enriches the landed gentry at the expense of everyone else.
————-

The ownership of land has historically conveyed not only social and economic power but also political power; the term “landlords” is instructive. Government has often, albeit to varying degrees and in varying ways, been controlled by the owners of real property. Such has been an institutional remnant of feudal and post-feudal societies in Europe and comparably in other continents. The distribution of property, largely in the form of land, with which the modern economy commenced, the lasting vestige of earlier social forms, has channeled the organization, operation and performance of capitalist and other modern economic systems.

http://findarticles.com/p/articles/mi_m0254/is_5_59/ai_70738909/

[CA renter]

[quote=AN]Since when is RE finite? Have you’ve been to places like Fresno? The are flat developable land everywhere. Btw, owning RE is not a necessity. It’s a luxury. People can rent.[/quote]

Of course there is a lot of undeveloped land in the U.S. Hopefully, we won’t develop all/most of it, because it’s one of the things that enables us to be self-sustaining (agriculture). Still, until we are able to colonize distant planets, land is indeed finite.

Yes, people can rent, but I’d much rather see a society where everyone has equal access to ownership, without the distortions caused by all the speculators — be they flippers or land developers who control many thousands of acres in high-demand areas.

I do not favor the perpetuation of a system that enriches the landed gentry at the expense of everyone else.
————-

The ownership of land has historically conveyed not only social and economic power but also political power; the term “landlords” is instructive. Government has often, albeit to varying degrees and in varying ways, been controlled by the owners of real property. Such has been an institutional remnant of feudal and post-feudal societies in Europe and comparably in other continents. The distribution of property, largely in the form of land, with which the modern economy commenced, the lasting vestige of earlier social forms, has channeled the organization, operation and performance of capitalist and other modern economic systems.

http://findarticles.com/p/articles/mi_m0254/is_5_59/ai_70738909/

[CA renter]

[quote=AN]Since when is RE finite? Have you’ve been to places like Fresno? The are flat developable land everywhere. Btw, owning RE is not a necessity. It’s a luxury. People can rent.[/quote]

Of course there is a lot of undeveloped land in the U.S. Hopefully, we won’t develop all/most of it, because it’s one of the things that enables us to be self-sustaining (agriculture). Still, until we are able to colonize distant planets, land is indeed finite.

Yes, people can rent, but I’d much rather see a society where everyone has equal access to ownership, without the distortions caused by all the speculators — be they flippers or land developers who control many thousands of acres in high-demand areas.

I do not favor the perpetuation of a system that enriches the landed gentry at the expense of everyone else.
————-

The ownership of land has historically conveyed not only social and economic power but also political power; the term “landlords” is instructive. Government has often, albeit to varying degrees and in varying ways, been controlled by the owners of real property. Such has been an institutional remnant of feudal and post-feudal societies in Europe and comparably in other continents. The distribution of property, largely in the form of land, with which the modern economy commenced, the lasting vestige of earlier social forms, has channeled the organization, operation and performance of capitalist and other modern economic systems.

http://findarticles.com/p/articles/mi_m0254/is_5_59/ai_70738909/

[Author]

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