Don’t all of those greedy real estate flippers deserve to lose their homes and all of their money?
These people are the very ones that kept raising their prices, pushing houses higher and higher, becoming greedier and greedier, refusing to sell until some greater fool came along and payed an even higher price. Now their getting destroyed, losing their shirts while the banks forclose on their house. GOOD. It’s no different then the millions of idiots buying XYZ.com stock daytrading. They lost everything, and these greedy flippers SHOULD ALL go bankrupt, and lose everything they’ve got!!! I would love to see housing prices tumble 30-40 percent before it’s all over. Crush them a little more, and allow NEW buyers to come in and pay dirt cheap prices to these flipping morons!!!!
Have you been watching too many home reno shows on TLC? Clearly you have very little factual knowledge on how the real estate industry works. I’m amazed that I am even answering such a completely ridiculous question/accusation. You do realize that you could have bought the same home that might have been sold to a flipper, right? They weren’t stealing the houses.
Everyone complains about the inflating cost of housing — not me, I bought my house before the bigger boom, and now enjoy a huge amount of equity in my home. Despite the TV lineup on Saturday night, Flippers account for an extremely small portion of real estate sales. They were willing to take a huge risk, and therefore deserve a huge reward. They are in NO way responsible for the rising cost of housing. They merely did renovations that no one else was willing to do. People who pay a higher price for a flipped house are merely paying for a service — it would have been no different if they bought a dumpy house for less $$ and paid a contractor to go in and update the 1970’s tilework and add a coat of paint.
I wouldn’t say they ‘deserve’ to lose their homes, but they knew the risks involved and must now suffer the consequences of a downturn in real estate markets. Wanting housing prices to drop 40% is an extremely selfish response to being jealous that the rest of us worked hard enough to be able to afford our own house, while you had nothing better to do than hope everyone else would go bankrupt because this is the only way you can get into the market.
A Video Tour Of Houses We Flipped With Huge Profits And No Money Down
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The Ultimate Real Estate Investing Blueprint: How to Quit Your Job in 19 Weeks or Less $0.99 Discover how to quit your job in 19 weeks or less by flipping properties in your spare time even if you have NO cash, NO credit and have never bought a house before. In this book you find the key to unlocking a huge vault full of money. This key will allow you to quickly and easily flip houses in your spare time banking you $5,000 to $20,000 per deal. The beauty about this business is you don’t ne… |
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The Pre-Foreclosure Property Investor’s Kit: How to Make Money Buying Distressed Real Estate — Before the Public Auction $4.93 Pre-foreclosure real estate is one of the hottest investment opportunities on the market. The Pre-Foreclosure Property Investor?s Kit offers step-by-step instruction and no-nonsense advice on how to find great deals, estimate fair market value, negotiate with sellers, sell your property on your own, and win big in real estate. You?ll learn how to get the best deals on foreclosure properties before… |
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Investing Now: An Insiders Guide to Flipping Houses For Income Today $3.99 After the housing crash of 2008, the majority of guidebooks written on how to flip houses became obsolete, their advice and methods predicated on a credit landscape that had just vanished overnight. In the economic climate of today, a new paradigm is needed, and Investing Now fills that void.A step-by-step book to overcoming the primary challenges of today’s difficult real estate market to creat… |
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