Talk of The Villages Florida - View Single Post - Why Are New Homes Resold So Fast?
Thread: Why Are New Homes Resold So Fast?
View Single Post
 
Old 01-03-2022, 07:33 PM
Laker14 Laker14 is offline
Sage
Join Date: Dec 2008
Posts: 2,612
Thanks: 2
Thanked 2,922 Times in 1,060 Posts
Default
Quote:
Originally Posted by sail33or View Post
There are many, many flippers in The Villages including Real Estate Agents. They buy new houses, add a couple things, flip it after one year. I know several that do this and they make hundreds of thousands.

And this drives the cost higher and higher. As long as the Boomers keep buying, the flippers will flip.
The flippers are riding the wave, not creating the wave.