Flippers Blamed for Downward Housing Market

Boy, do I disagree with some of those bubble blogs.

Take House Falls, for example. He’s really going after flippers.

House Falls says, “Now I don’t feel bad at all for anyone flipping houses who got caught with….”

Never mind, I won’t finish the quote.

Happy DolphinBoy, do I disagree with some of those [tag-tec]bubble blogs[/tag-tec].

 

Take House Falls, for example.  He’s really going after flippers. 

 

 

House Falls says,  “Now I don’t feel bad at all for anyone flipping houses who got caught with….”

 

Never mind, I won’t finish the quote.

 

But why is it flippers are to blame for all, or for at least most, of today’s [tag-ice]foreclosures[/tag-ice]?  

 

Did  wholesalers and flippers really cause artificially inflated prices? 

 

Could easy [tag-cat]ARM’s[/tag-cat] be partially responsible?  And could some [tag-self]homeowners[/tag-self] have gotten themselves all caught up in the frenzy flurries of the moment?  You have to admit there has been a  little bit of a greed factor involved.

 

How about the OC Flip Track/Orange County Bubble Blog, better known as “the Flippers in Trouble Blog”?

 

Check out their Flopped Flip of the week.  Very interesting. 

 

Okay, those [tag-cat]sellers[/tag-cat] paid too much to begin with.  And they should have known better. There is still such a thing as getting good value for your dollars.

 

But doesn’t that prove my point that there are good professional flippers who know what they’re doing and less than good amateurs who don’t?  Must we  put everyone in the same category?