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Originally Posted by Cynthetiq
Before someone like kutulu says they hope that the investors get theirs, I'm going to say that I learned that investing in real estate is a long term investment. My family purchased properties and rented them out for a fair price and then sold them for a fair price. No expectations of "getting paid", "hitting the lotto", "striking it rich" were expected, just a modest gain above prime rate.
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My beef isn't with people who buy a property and rent it out. You are providing a necessary service to people. Often people can get more house for the money when renting.
My problem is mostly with the people that buy houses for construction and sell them once they are built (for a huge profit of course). I'd strongly be in favor of laws that keep investors trying to make an easy buck out of the housing market. Their profit does nothing positive for anyone but themselves and it comes at the expense of everyone else.