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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (35235)7/13/2005 10:41:21 AM
From: bentwayRespond to of 306849
 
"Some day a flipper will turn into a bagholder."

"Long flipper" Sounds like an oxymoron to me. Flip implies quick action.

I'll never be a bagholder. The worst that can happen to me is I get stuck in the paid for house I live in. What I do involves only locational risk.



To: Jim McMannis who wrote (35235)7/13/2005 10:53:03 AM
From: John VosillaRespond to of 306849
 
Some day a flipper will turn into a bagholder

I'm already seeing more and more recently built high end condos for sale in MLS. Did channel checks recently on some in our area and 70-80% vacancy seems the norm yet the preconstruction projects still sell out in a matter of hours. Simply amazing..


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