On Fri, 06 Apr 2007 17:34:54 GMT, "Edwin Pawlowski"
wrote:


"Goedjn" wrote in message


Those programs are designed to help people buy homes,
not to help people get rich in real estate.

Not every flip makes someone rich, but it comes down to value and what you
can/will pay. Besides, if the person did not do the repairs for a flip,
could the buyer afford to do it?

If YES, he should have done it himself and saved a lot of money.

If NO, he should thank the other person for making a nice house available to
him.

Don't you just love capitalism when it works?



Yes, but HUD, VHA, and like programs aren't about capitalism.
They are, at heart, socialist programs.

I'll admit that I though OPs problem was they he wasn't allowed to
sell the house w/out a penalty because of the terms of HIS loan,
but I'm still not prepared to be outraged.