re: Homebuilders cancelling contracts to sell for more on market

It's all bullshite. These home prices are pandemic driven like with the car prices. Shitheads realize they could get way more in this market so they cancel the original deal. Right now is a terrible time to buy a house or car. If you had plans for either, you should have done it in 2020 or early 2021. Idiots who have no business owning a home are flooding the market trying to take advantage of low interest rates and low money down. Mortgage approvals are getting handed out like candy. I'd be real careful if I'm a legit buyer rather than a flipper trying to flip it 6 months down the road to make a quick buck because once this pandemic cools off, there could be a crash. I've been watching the Houston market for a while now and sheds that were literally selling for 200k or less are now upwards of 300k. Which is comical.