Palm Springs Area Real Estate

In a REALTOR® Magazine-Daily News Article titled : Wholesalers Flip Houses, Distorting the Market Associate director for housing and economics Andrew Jakabovics, at the Center for American Progress, a Washington, D.C., think tank argues that "It makes the bottom [of the market] very frothy and hard to figure out where real value is." Others argue that it makes it harder for lower-income families to take advantage of a down market. My take is "Cash is King" when it comes to lenders in a real estate transaction. My question is how could it be controlled ? What are your thoughts on the subject .. I would love to hear some arguments .