Flipping Homes

[Fullback32]

Appreciate the explanation Mike!

[treedonkey]

Originally Posted by Mike from back east

most of the flippers were creepy, greedy sorts...

That's my impression of house flippers too.

Of course, if someone truly has the skills and contacts to be able to buy a decaying but salvageable house house, fix it up in a quality manner, and then still be able to sell it for a profit, then good for them. But people that get into flipping as a business (or, dare I say, a get-rich-quick scheme) tend to cut corners any way they can and end up trying to sell their junky house to someone that does not know any better ==> Greedy

[Mike from back east]

Originally Posted by treedonkey

That's my impression of house flippers too.

Of course, if someone truly has the skills and contacts to be able to buy a decaying but salvageable house house, fix it up in a quality manner, and then still be able to sell it for a profit, then good for them. But people that get into flipping as a business (or, dare I say, a get-rich-quick scheme) tend to cut corners any way they can and end up trying to sell their junky house to someone that does not know any better ==> Greedy

Yes, the ones on the TV show were dreadful people, especially one chap who was just nasty as can be to everyone. I don't have a very high opinion of speculators either, all they did was help drive up prices and feed the mania.

Myself, I like folks who can take a fixer upper and do a quality, workmanlike job of bringing it up to current codes and esthetics.