[Wilhelm Tell]

This property "flipping" reminds me of the day trading craze just before the dot com bubble burst. The difference is that overvalued property is still worth something while imaginary companies are worth nothing. Still, a lot of people have "flipped" themselves into property they will have to sell at a loss.

[stainlessbanner]

I say too many people are playing RE investor. They watch those shows on cable TV and hear their co-workers talking about the windfall they got from flipping a house. These would-be players are going to get caught holding the bag.

The big boys are moving to other markets, other investments, the little man will get burned. I've seen estimates that 25-30% of the FL housing market is owned by speculators.