House Flips hit 10-yr high! What do you think about the market?

[Mindy Jensen]

Was anyone flipping houses back in 2008? I got caught mid-flip and my projected returns were cut in half when I finally sold.

Fast forward to today, and flips made up more than 6% of home sales last year,  according to Trulia . 

Check out this CNBC article , and share your thoughts below.

[Chinmay J.]

Originally posted by @Diane G.:

@ Russell Brazil - I think you are 100% on...

Just this past weekend, 3 of my friends who were aggressively looking to buy to live in (home buyers, not investors) told me they are not looking anymore due to the uncertainty brought on by our new president....Now that is 100% of who I know are looking to buy....

If a good % of people feel the same way, and hold off on their purchase, it is going to push the economy into a recession sooner and harder than what is due anyway....

Be patient....

I am sorry, but your three friends don't make the whole country.  Perhaps they haven't looked at the stock market lately to see how rest of the country is feeling about the new administration? 

Look at the consumer confidence data. Its at all time high. http://www.tradingeconomics.com/united-states/cons...

And how does exactly few people doing deferred purchase put the whole country in recession.. 

I was going to take a cheap pot shot at California liberals in general, but may be some other time..LOL