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.
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.