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Old 03-21-2011, 02:47 PM
 
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Tampa home sales rise as investors wade in
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Old 03-23-2011, 07:11 AM
 
Location: Bay Area
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Good to hear, but we need buyers, other than investors, for the nondistressed/nonforeclosed on houses!
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Old 03-23-2011, 09:46 AM
 
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Then to hear that some HOA's are giving people a hard time when they are able to get a mortgage...
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Old 03-23-2011, 10:22 AM
 
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You would think people would know by now the difference between sales volumes with sales prices, but I guess not.
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Old 03-23-2011, 12:23 PM
 
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Ditto, I think "investors" have done enough damage around here!


Quote:
Originally Posted by Davachka View Post
Good to hear, but we need buyers, other than investors, for the nondistressed/nonforeclosed on houses!
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Old 03-23-2011, 02:03 PM
 
25,877 posts, read 39,135,773 times
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Quote:
Originally Posted by algia View Post
Ditto, I think "investors" have done enough damage around here!
Why? If it wasn't for investors many people wouldn't have made an income. Due to the building of homes, Home Depot, Lowes, etc...people in lawn industry, building materials, realtors, electrician, etc...had a job and many wished they still had.

It had more to do with providing people (who ever...) with a loan who couldn't afford it.
Many people lied on their applications and never should have been home owners.
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Old 03-23-2011, 02:46 PM
 
5,453 posts, read 7,776,865 times
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Actually, It was greedy investors and also Real Estate agents who did not inform their clients AND mortgage lenders who did not have clients READ the fine print.

I think the real %-age of people who purchased recklessly is a lot smaller than you think. I mean, logically speaking, if you KNEW ahead of time your interest rate will jump through the roof, would YOU buy a house? I don't think so, who can ever possibly want or wish for that? No one or someone out of their mind! insane, normal people with kids and families did not looks for that, they looked for a "home" for their families!

I recommend watching Money Never Sleeps. It pretty much explains exactly what happened. Investors started all this on a HUNCH!!!



Quote:
Originally Posted by bentlebee View Post
Why? If it wasn't for investors many people wouldn't have made an income. Due to the building of homes, Home Depot, Lowes, etc...people in lawn industry, building materials, realtors, electrician, etc...had a job and many wished they still had.

It had more to do with providing people (who ever...) with a loan who couldn't afford it.
Many people lied on their applications and never should have been home owners.
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Old 03-23-2011, 04:48 PM
 
Location: anywhere
1,730 posts, read 4,113,350 times
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Investors are definetely on the move. I have been trying to purchase a townhouse and every bid I make is destroyed by investors sometimes going as much as 10k or higher over list price and therby beating the pants off of me. I guess it's good these houses are being sold but it sure isn't any good for me lol.
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Old 03-24-2011, 07:14 AM
 
463 posts, read 912,580 times
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Quote:
Originally Posted by Kathleen1971 View Post
Investors are definetely on the move. I have been trying to purchase a townhouse and every bid I make is destroyed by investors sometimes going as much as 10k or higher over list price and therby beating the pants off of me. I guess it's good these houses are being sold but it sure isn't any good for me lol.
That! Investors do not provide any good to the society besides raising prices of a goods. Realtors, landscapers and other would have jobs because people who buy a house need their services. All the investors do, buy houses and then look to sell them to the same people for higher price.
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Old 03-24-2011, 07:58 AM
 
Location: You know... That place
1,899 posts, read 2,436,058 times
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Quote:
Originally Posted by Kathleen1971 View Post
Investors are definetely on the move. I have been trying to purchase a townhouse and every bid I make is destroyed by investors sometimes going as much as 10k or higher over list price and therby beating the pants off of me. I guess it's good these houses are being sold but it sure isn't any good for me lol.
I had the same issue when we bought our house in 2004. We were trying to buy because I was pregnant and didn't want to move after we had the baby which would make it much harder. Anyways, we were trying to find a home for our family. Unfortunately, we were shopping in the perfect investor range. We would call on a house 2 hours after the sign went in the yard, and it was already on contract. It was really frustrating knowing that I was trying to find a home. Somewhere to bring my baby home to and these investors are buying up every property we could afford and flipping it for a much higher price.

I am torn on investors making a comeback. On one hand, it can help housing prices go back up a bit. On the other hand, we have to hope it doesn't create another bubble. I also don't want families to be fighting investors again. I remember how tiring that was.
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