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: Mortgage Lender Implode-o-Meter

New Buyers Jumping Back in Too Soon?

By Implode-Explode Heavy Industries

``I think some are misguided because the current price jump from last year signifies a creeping mentality of flipping again. Call it the HGTV syndrome. To buy and hold, you need to have a suitable employment base. From talking with some investors buying out here you know many are getting into something they have little idea about. They see consistent monthly rent checks yet it is anything but... Many are now realizing that a home is really only as good as what surrounds it. This includes schools, neighbors, climate, and access to work. The idea that a giant McMansion is simply good enough is a flawed idea that is now going away. ''

Full post as published by Mortgage Lender Implode-o-Meter on August 04, 2010 (boomark / email).