Agreed. These corrections people keep on talking about i believe will just be a slow down in the increase of the market prices as of todays prices. If the short term speculators are allowed to continue to further create this false demand in the market for another year by flipping again and again, then yes it is only time before we see a major correction of 20-30%. As the flippers margins are constantly reducing now. or the time it takes to sell is getting longer, i think flipping will slow down harshly soon. So this should not happen any way.
Even flippers need clients to sell onto, usually people who have experience in investment and thus knowledge of the market, they have had to be savvy to create the funds to purchase these deals at 5-10% + premium, so they can go on and make money on it. The quick return days, double your money in a queue are very numbered.
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