$180,000 single family in the worst part of town?!?! Get out of here!!

[Rod Desinord]

Yesterday sealed the deal on my suspicion that the housing market is near a correction when a home in a particular area of a city was listed for 180,000!! A year ago that same home was $85,000 sold. And of course it was a cash buyer who bought it and is selling it now. 

[Carl Mcknight]

I'm seeing the same thing in my town; lots of "We Buy Houses Cash" signs all over town. Saw this same thing in 2005-2007. The cycle is slowly repeating itself again and everyone wants to be a so called RE investor. Nothing against "flippers", but that's pure speculation for the average "Joe" to think they'll buy at one price and make $20k or so on a quick sale, alls fine and dandy till the music stops playing and your stuck with that "investment" sucking your bank account dry with holding costs.