The Federal Government has lifted the "Anti-Flip" ban on real estate.... Previously, you had to wait 90 days from date of purchase to resell to a buyer who needed Government backed Financing (FHA, USDA, etc.)..
This is good news for investors.... The carry cost and/or opportunity cost will decrease significantly and may prove to actually raise prices on the bottom end as I have been seeing throughout 2009...
This begs the question: Why now? It may be that they see more foreclosures in 2010 flooding the market and want to allow investors to absorb some of the excess inventory... Not sure... The reasoning is cloudy, but the result will be that the people with means will get farther and farther ahead in this market and thus ever widening the rich to poor gap in the US, which already is the widest ever..
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