Who Gains From This Real Estate Market?

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For some people this market is a great oportunity. Obviously the 1st time buyer who thought they had missed the chance to own their own home, but less obviously, the existing homeowner wishing to move up. Though he might get 25% less than a year ago, he will also be able to buy at 25% less on the more expensive home. Selling a $600,000 home at $450,000 then buying a $1,000,000 replacement for $750,000 is pretty sweet. Lastly come the Investors. Individuals and groups of people able to buy at super low prices and either hold for long term income, or fix-and-flip for quick profit.

Wherever there are losers there will be winners. That’s the system we live under.

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