The bust in the housing market originates from the subprime loan crisis in 2007 -- a crisis that turned into a worldwide financial catastrophe. The subprime crisis is often blamed on those individuals who purchased homes despite their inability to sustain monthly mortgage payments. However, the real culprit in the crisis may be house flippers who aided artificially inflating home prices, which eventually hurt subprime borrowers; that is, subprime borrowers were, conceivably, lured into purchasing an unaffordable home because they paid an inflated price.Despite the role that home flippers may have played in the housing market meltdown, the quick-flip mindset has been on the rise again -- especially on high-end homes valued at more than $750,000.
Home Flippers Are Back, But Sticking to the High End
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