Quote:
Originally Posted by Randall55
I suspect most will be bought by investors. That is the part I am wanting to watch. In the past, I flipped several Villages homes. Now, it seems EVERYONE wants in on the game. It was not like this in the past. IMO, too much competition is not a good thing. I'd rather watch from the sidelines.
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We have bought homes for family use, and one investment in TV, when inventory was high. We never flipped, used them for parents and one 10 year long term tenant.
What isn’t fair, is VLS agents bought homes for investment in Richmond, with 20 plus names of people who wanted to live here. We were number 30 and up on some properties.
When you have multiple agents buying homes for each other, instead of potential residents it creates multiple VRBOs with daily rentals, that full timers have to deal with.
We have 3 family members, that are hoping to get a home in Richmond east to have parent close. Prediction is not one will be #1-5 on any house. But a multitude of agent buys.
Would like to see a no investment property again to give those who want to reside in that village a fair advantage.
Then if there homes left VLS people can have at it.