Can Flippers Save the Housing Market ?

[Ted Akers]

What Do You Think?

I have a small quote in this msn.com article applauding FHA for suspending their 90 day No-Flip Rule and suggesting FNMA and Freddie Mac should do the same. I just went back to the article and reviewed all of the comments again. You may find it interesting reading.

I support lifting seasoning requirements not only because I provide Transactional Funding but because flippers move properties. Tell me what you think. Flippers - can they help OR should they be strung up???

Here is the link: http://realestate.msn.com/article.aspx?cp-documentid=23616063>1=35000&vv=750

[Carlton Ellis]

Originally posted by Ted Akers:

What Do You Think?

I have a small quote in this msn.com article applauding FHA for suspending their 90 day No-Flip Rule and suggesting FNMA and Freddie Mac should do the same. I just went back to the article and reviewed all of the comments again. You may find it interesting reading.

I support lifting seasoning requirements not only because I provide Transactional Funding but because flippers move properties. Tell me what you think. Flippers - can they help OR should they be strung up???

Here is the link: http://realestate.msn.com/article.aspx?cp-documentid=23616063>1=35000&vv=750

It's fundamental in any market that liquidity improves the efficiency of that market. Speculators get a bad name in the media but they provide a very essential function in ANY financial market be it stocks, currencies, commodities or real estate. In the real estate market "flippers" or speculators provide liquidity and since their survival in the market depends on their ability to sell something at a higher price than they brought it they provide a form of price stability something that is critical in the current housing market.

Can they save the housing market by themselves? Probably not, but they can certainly put the brakes on some of the price declines that we are seeing.