That's a good start...
A free market is great, but not when addressing a basic life necessity: shelter.
Prices have been artificially high since "flipping" became the lazy man's get-rich-quick alternative to work.
Don’t paint with too broad of a brush there.
Rehabbers would probably be called “flippers” because they don’t hold the property long, but they sure and take some dumps and turn them into nice domiciles for folks who need a house.
I bought in February of this year. In 2007 the new home My wife an I fell in love with was $307,000.00. I’m glad we waited. We pulled the trigger at $261,000.00. We knew the value would diminish some, but I’m still very comfortable with our purchase. I’ll probably see my final days in this house. Ah, yes, Bakersfield, Ca.