doctorhousingbubble.com / By Dr. Housing Bubble / January 26, 2013
Flipping activity is getting so out of hand that you can practically see which properties are going to end up as flips right when they hit the market. Some of the hottest neighborhoods in Los Angeles are those that attract the hipster crowd. We’ve featured flippers in Silver Lake and today we will feature a home that just hit the market in Eagle Rock, another bastion for flippers and hipsters alike. The rush to flip is bringing back some fond memories. What is making this market even more dramatic is the drastically low inventory and the renewed belief that housing prices only go up. In fact in a recent survey, missing out on future home gains is the top concern, not our ridiculously high debt, or massively indebted youth, or even an older generation that will cause a rise in healthcare expenses. No sir! The real concern is about missing out on those juicy gains on hipster neighborhoods! Today we’ll pick out a home that is still for sale in Eagle Rock but you can rest assured that it will go under as a flip shortly.
Hipster neighborhoods reign supreme
8 out of 10 of the hottest real estate areas are found in California. Take a look at this: