Is The New Breed of Real Estate Investors Distorting the Market ?
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 .
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 .
