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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (102946)	10/12/2011 7:22:04 PM
From: John Vosilla	Read Replies (2) \| Respond to of 149317

I don't think the flippers really left for long. I see way too much money out there chasing deals and it is due to the zero rates banks are giving. Easier to raise passive investor money now than ever.. Still expect it to be a churning market with little price movement a few more years in my state. Also some pockets of new development like the slow times up to 1998 in underserved special niches that were not met during the bubble. As a side note I have tracked some of these investor pools out bidding on foreclosure down here and find that many of these syndicate partners went bust during the bubble and now reinvented themselves in part because of the ease of raising money and also because it is about the only game in town here these days if you have been in RE a long time..