What is wrong with some wholesalers?

[Sharad M.]

So this morning I get a text from a wholesaler about a property. He is asking $50,500 and I Google the address and surprise surprise, the house is listed on MLS for $45,900. It has been active for about 30 days.

It's like me buying a TV from Best Buy for $1,000 and posting it on CL for $1,200 and hoping a sucker bites.

It's a complete waste of time and in my eyes the wholesalers lose their credibility instantly doing this.

My question to other wholesalers on BP is what is even the point of all this? Are you that lazy that you can not go out and find a deal by working hard? Or you think that the buyers are that stupid that they will happily overpay for a house? Where is the value add in the deal?