Brokers and House Flippers continue to raise Housing Costs for ALL

Manchester NH

Description

If you are in the market to find affordable housing then you can forget it. Real estate brokers and the WE BUY HOUSES for cash investor flippers work with each other to purchase these properties first before offering them to the public for tens of thousands of dollars more than what they paid. I just love seeing new property listings that come on the market for public purchase that reads, this property listed is contingent upon the Seller completing the purchase of this property. Yup that is a house flipper that got preferential treatment with the Broker to buy and flip. This works out great for the broker because they make commission from the House Flipper for secretly selling the property to them and then they make another Commission for selling that same home for the house flipper to consumers. The consumer gets last grabs and gets screwed each and every time paying outrageous house gouging prices and ALL as a result of house flipping. Now you know why housing prices and even apartment Rentals keep sky rocketing. You can thank the federal reserve for creating this housing crisis and the short supply of housing inventory while providing hundreds of thousands of dollars in profits for real estate brokers and home flippers. It is the result of keeping interest rates too low for 20 years.