The Tale of two sides to every coin! You decide?
Amplify’d from firsttuesdayjournal.com
The FHA — a flipper’s best friend
Flippers rejoice! The Federal Housing Administration (FHA) will continue supporting your churn-and-burn efforts through 2012.
first tuesday take: Speculators pose a systemic danger to a recovering housing market creating artificial demand, which temporarily drives sales volume and prices upward. Accordingly, the FHA is ill-advised to continue allowing flippers free rein in this still-recovering California real estate market — simply because speculators are good for lenders’ real estate owned (REO) liquidity does not mean they are good for California’s real estate market.
See this Amp at http://amplify.com/u/bqklw
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