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Updated almost 6 years ago on . Most recent reply

Account Closed
  • Contractor
  • Little America, WY
21
Votes |
19
Posts

Price appreciation has stalled, is flipping dead?

Account Closed
  • Contractor
  • Little America, WY
Posted

I noticed in Utah that house price appreciation stop about last July. I think it's time to stop flipping, it's too dangerous now because margins are slimmer and worse, you might get stuck at a market peak. What do you guys think?

Most Popular Reply

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Frank Wong
  • Real Estate Broker
  • Bay Area
3,263
Votes |
1,384
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Frank Wong
  • Real Estate Broker
  • Bay Area
Replied

In a flat market, this is where the true flippers shine and the amateurs get exposed.  The appreciation in the market hides flippers mistakes.  A declining market depending on the speed and strength would not be healthy for flippers. The last thing you want is to be overexposed and bag holding. 

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