This is one of those things that has really been bugging me.

The housing market is very similar to what it was in 2008... but not quite.

Like you said, flippers are buying, fixing and selling properties, and as long as there is a market, this will make money... but, the problems come in on how long you have to hold inventory before it moves. The time value of money is a pain to compute. But the interest on building loans is easy to compute, but hard on the pocket book.

And, how close are we to baby boomers dumping houses on the market? Through death or nursing home.