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Liberal_in_LA (1000+ posts) Send PM | Profile | Ignore | Sat Apr-24-10 11:14 PM Original message |
House flippers are back at it |
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flvegan (1000+ posts) Send PM | Profile | Ignore | Sat Apr-24-10 11:21 PM Response to Original message |
1. How much did the lender lose on the $180k sale? |
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Go2Peace (1000+ posts) Send PM | Profile | Ignore | Sat Apr-24-10 11:37 PM Response to Reply #1 |
4. Institutional investors were/are the big winners |
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Go2Peace (1000+ posts) Send PM | Profile | Ignore | Sat Apr-24-10 11:33 PM Response to Original message |
2. Of course, the *REAL* cause of the housing mess> Lowering the Business Capital Gains rate. |
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zeos3 (912 posts) Send PM | Profile | Ignore | Sun Apr-25-10 05:33 AM Response to Reply #2 |
16. Please elaborate. |
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Go2Peace (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 01:46 PM Response to Reply #16 |
26. The market became full of instututional investors and speculators |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Sat Apr-24-10 11:36 PM Response to Original message |
3. People who buy unlivable houses, renovate them |
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Go2Peace (1000+ posts) Send PM | Profile | Ignore | Sat Apr-24-10 11:40 PM Response to Reply #3 |
5. And they were able to do that (for a while) because of the lowered Capital gains |
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county worker (1000+ posts) Send PM | Profile | Ignore | Sat Apr-24-10 11:48 PM Response to Reply #5 |
7. What drove the bubble was people getting liar loans and such. |
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Go2Peace (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 03:49 AM Response to Reply #7 |
12. Naw, that is the public excuse. |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 12:11 AM Response to Reply #5 |
8. The bubble started because there was tremendous pent up demand |
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Go2Peace (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 03:55 AM Response to Reply #8 |
13. No doubt there were multiple factors. But the largest one was FRAUD. Period |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 06:43 AM Response to Reply #13 |
18. I know you'd really like to believe that, but |
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sendero (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 06:51 AM Response to Reply #13 |
19. Liar loans... |
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Go2Peace (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 01:27 PM Response to Reply #19 |
25. Your wrong. That is the corporate spin. But not what really happened |
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sendero (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 06:37 PM Response to Reply #25 |
27. They could have NEVER.. |
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PassingFair (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 09:02 AM Response to Reply #5 |
23. Actual "flipping" is totally illegal. The definition has broadened in recent years... |
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northernlights (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 05:05 AM Response to Reply #3 |
15. +1 |
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GSanon (69 posts) Send PM | Profile | Ignore | Sun Apr-25-10 09:54 AM Response to Reply #3 |
24. definitely a good point, there is good flippint and bad flipping. nt |
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county worker (1000+ posts) Send PM | Profile | Ignore | Sat Apr-24-10 11:44 PM Response to Original message |
6. My realtor says houses are due for another hit downward in prices soon. |
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Marr (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 01:10 AM Response to Reply #6 |
10. There's a tax credit that's going to be up at the end of the month. |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 06:54 AM Response to Reply #6 |
20. She might be right |
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madrchsod (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 12:55 AM Response to Original message |
9. there`s a good chance i`ll be doing that this summer... |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 02:13 AM Response to Original message |
11. My friend's daughter & her fiance' have been waiting TWO MONTHS to hear back from a bank |
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Sen. Walter Sobchak (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 04:47 AM Response to Original message |
14. yup... |
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proudohioan (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 05:36 AM Response to Original message |
17. There are two on my street.... |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 06:58 AM Response to Reply #17 |
21. I think most lose money on their first several projects |
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proudohioan (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 06:40 PM Response to Reply #21 |
28. Sorry, fixers/flippers just leave a bad taste in my mouth. |
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cbdo2007 (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 08:33 AM Response to Original message |
22. I know a group of guys who does this. They are "unemployed" so they |
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DU AdBot (1000+ posts) | Sat May 11th 2024, 05:58 AM Response to Original message |
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