See my other comment about positive-feedback loops. The House Flipping trend of the late 2000s was never sustainable.
On the matter of more presentable, I disagree strongly. Late-Stage Professional House Flippers are concerned with nothing but profit. The quality, fit, and finish of their renovations are tastelessly bad. In almost every case, I refuse to believe that House flippers do a better job cosmetically than if the home had sold to people who would be living there who would then be able to work with a contractor to fix up the house into exactly what they want.
Source: I’ve spent more hundreds of hours than I can count doing sub work for house flippers. There’s nothing defensible about what they do.
That’s today’s Lemmy Moment of the day.
Besides, don’t house flippers generally renovate the house, and generally make it more presentable?
See my other comment about positive-feedback loops. The House Flipping trend of the late 2000s was never sustainable.
On the matter of more presentable, I disagree strongly. Late-Stage Professional House Flippers are concerned with nothing but profit. The quality, fit, and finish of their renovations are tastelessly bad. In almost every case, I refuse to believe that House flippers do a better job cosmetically than if the home had sold to people who would be living there who would then be able to work with a contractor to fix up the house into exactly what they want.
Source: I’ve spent more hundreds of hours than I can count doing sub work for house flippers. There’s nothing defensible about what they do.