Now I understand why flippers are having to work

[Rich Weese]

I saw an article on Phoenix TV yesterday that explains the current market for discounted properties. I know the local Phoenix BP members have been working much harder to find "good " deals and much smaller margins.

2009- Foreclosures sold for 24% less than non foreclosures
2011- Foreclosures sold for 9% less.
2012- Same Price!

Buyers/investors have flooded the market and have driven prices up, just like in the 05-06 era. Here we go again?

I assume Phoenix is just an example of most investable decent cities. Are you finding the same? Rich