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Real Estate
Reply to "Is there another "housing bubble"?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't think there's a bubble per se, but I do think flippers are essentially stripping the equity out of some neighborhoods by charging up to the very limit of what the market will bear. [/quote] That's what always happens, what do you suggest, they lower prices?[/quote] They are inflating prices by doing needlessly expensive flips on houses that may not need all that work. [/quote] You sound like a cry baby. [/quote] lol. the question is whether DC housing costs are inflated. I think that in some neighborhoods, flippers essentially have a monopoly on unrenovated houses that they buy in the 300-400 range, then flip and sell in the 700 range. I think this inflates the price of the home. FWIW I can actually afford an $800k home, but I did not want to buy a house that someone else had decided to throw away/strip away the equity on with a crappy flip. [/quote]
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