Painting - latex peeling like a balloon please help!!!

I just bought a home built in 1951 and I'm attempting to do a few "small" paint jobs before I move in. The previous owners painted a gaudy, glossy, garrish red latex paint over oil based paint this summer in the master bedroom(the wettest summer we have ever experienced). The paint needs to go.

I started this paint project by trying to sand the latex paint to get it ready for primer, but the paint quickly gummed up the sand paper.

I then noticed a small bubble on the wall and pulled at it. The paint peeled right off the walls like a balloon. I started to peel the paint off the walls like a latex surgical glove. The problem is that the paint only peels off nicely where the previous owners put THICK coats on.

1/3 of the room is peeled off and the rest is too gummy to sand and not thick enough to peel nicely. I tired applying Goof Off to the walls but this just made a bigger mess.

I'm afraid to put a fresh coat of paint on the peeling paint because I am afraid it won't stick.

I have been peeling paint for three days straight and I want to stop! Please send suggestions! I have never seen paint act like this.
:confused:

Sand down the remaining paint, IF POSSIBLE. Then prime these areas with an oil or alkyd primer. Actually, since it was painted over an existing oil, go ahead and prime the whole room with the oil/alkyd primer. This will tend to 'harden' the gummy latex. After the primer dries fully, scrape or sand the edges of the remaining red paint, and smooth out those areas using several thin coats of joint compound. When satisfied its smooth enough, reprime the repaired areas, and paint away.

That's just crazy enough to work!

Should I prime over the rubbery edges that are hanging off the walls? (think of a sticky balloon edge flapping around) Will that help rubbery paint chip off?

What do I do with the parts of the room that haven't been peeled yet? Is it safe to go ahead and prime over those sections also? If I don't try to peel those sections will they end up peeling off years down the raod? (I want to never paint this room again once I am done, I'm starting to hate this room :) )

Also the previous owners used Behr paint and we have a Home Depot in town, do you recommend this paint? Or should we try a different brand? I have other paint jobs to complete (the bathroom) and don't want to run into this problem again... ever. :o

Should I prime over the rubbery edges that are hanging off the walls? (think of a sticky balloon edge flapping around) Will that help rubbery paint chip off?
I would use a razor blade and shave off all the edges sticking up. A wallpaper removal tool, with the horizontal razor blade in the end, works good for this.
What do I do with the parts of the room that haven't been peeled yet? Is it safe to go ahead and prime over those sections also? If I don't try to peel those sections will they end up peeling off years down the raod?
This is the big problem. Any of the latex layer left on could be a possible failure down the road. It ain't fun, but I suggest scraping off everything possible. Above I mentioned sealing over it, that was just for areas that won't come off. It it will peel/scrape off, it needs to come off.
Also the previous owners used Behr paint and we have a Home Depot in town, do you recommend this paint?
NO. Do a search for "behr" and "problems" in the forums, and watch the list grow and grow. I suggest buying paint at a paint store, not a big box discount store.

I have to keep peeling... :( If I add this oil based primer do you think it will help the paint chip off intsead of peel off?

No, it will lock it down. Try to remove as much as possible before applying primer.