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Real Estate
Reply to "Is there another "housing bubble"?"
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[quote=Anonymous][quote=Anonymous] Wharton MBA is proving how out of touch he is. Symptomatic of a larger problem. Some people want a flipped house and can pay lots of money to get one. Many other people don't have the money, or feel comfortable with an unflipped house (perhaps because they DIY). The problem is every unrenovated house is purchased by flippers with cash, locking out the latter group of homebuyers. The dominance of flipped houses drives up prices for everyone and reduces choice in the market. Speaking for ourselves, we'd very much like to buy a fixer-upper rather than a flip (within reason - not looking for cracked foundations). It would save us money at the front end and we could customize the home with remodeling projects over time. Unfortunately, the market does not seem to provide this option.[/quote] No. You are just proving your are an entitled whiner.[/quote]
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