Report on the news that matters to your community and don't let us miss a beat. Send in your stories and photos.
My Recent Comments
Because of guys like this and "glorifying reality shows" like Property Wars the rest of the world thinks this is easy. In addition, the "lipstick" they put on these houses is only meant to get them looking good to flip for fast money and the new buyer pays the price.
Being in real estate in the Phoenix market for several years, it makes me sick to see a guy like this "sell out" for TV. REAL PEOPLE (aka first time home buyers) need to buy homes too. But because people (investors) like this buy these homes the FTHB can't get their foot in the door. I don't know how many clients I have seen in our office that are truly dejected because they have put in offers on multiple properties only to be outbid by an investor. After 4 or 5 times, the clients give up and continue to rent.
Buy a new home... well that is a great idea, the problem with that is the new home builders are raising prices EVERY WEEK just like back in 2004-06. They know the investors are snapping up the low end stuff and they have a captive audience and can continue to raise prices... when they get too high though, there goes your FTHB... stuck renting because they can't afford / don't qualify for the mortgage.
In my opinion, Realtors should boycott this show. It portrays our industry in a bad light and only will continue to attract the vultures that cannibalize YOUR COMMISSION....[thumbdown]5 months ago