Is the Real Estate Industry buying from Itself in part responsible for the steep rise in housing prices?

[Joe]

...so they buy & flip these homes creating artificial demand which drives up the price of real estate?




....will business continue as usual with these tactics or will it precipitate a crisis later on? ...a market with false values which don't reflect the actual values of the real Estate market.

 

[The Prowler]

What do you mean by "buying from Itself"?

I watched the first 5 minutes of that video and he only talked about them buying from home owners.

 

[Admin.]

What do you mean by "buying from Itself"?

I watched the first 5 minutes of that video and he only talked about them buying from home owners.

Shh, we already know you're kind of dumb.

 

[Biggie Smiles]

just keeping score on who starts the flaming on non sanctioned boards

@Bastard Factory

 

[The Prowler]

What do you mean by "buying from Itself"?

I watched the first 5 minutes of that video and he only talked about them buying from home owners.

Shh, we already know you're kind of dumb.

They are not buying from themselves.

Their algorithms flag properties/houses that are up for sale by homeowners that appear to be under-priced. They then buy these properties, make cost effective improvements, and resell them to homeowners.

The model does not work if they are buying and selling to themselves.

The irony that I have to explain to this a person who called me "kind of dumb". Hahahaha!!!

 

[Frood]

Runaway money printing is the biggest issue...