House Flippers are having a negative impact. (Boston, Lawrence: buyer, construction)

[GeePee]

Originally Posted by mdovell

What has more long term potential is house hacking. Buy a two family, live in one and pay no rent. College towns are easier for this.

Yes, And generally these landlord/homeowners take much greater care in repairs and maintenance...generally

[BostonMike7]

Originally Posted by Arya Stark

But this poor guy is struggling to sell this home - it is too bad as this was a burned out husk prior to the renovation.
https://www.redfin.com/MA/Lunenburg/.../home/16546375

That's a shame. It's a really nice house and more my style.

Different location and that would sell fast

[BosYuppie]

I wrote another post but deleted it I looked back at the map. That house is practically in Fitchburg, that's the knock there.

[mdovell]

I just saw one posted on Springfield of nearly 4x what they paid four years ago. People are going to get burned that's for sure.

Maybe we could have a discussion on what gives greater ROI in housing.

[BostonMike7]

Originally Posted by mdovell

Maybe we could have a discussion on what gives greater ROI in housing.

Updated Kitchen's and Bathrooms....especially if you are buddies with a good plumber/electrician.

[bugelrex]

The greatest negative impact of flippers is making it impossible to find a good contractor,plumber, electrician at a reasonable price...

[BostonMike7]

Originally Posted by bugelrex

The greatest negative impact of flippers is making it impossible to find a good contractor,plumber, electrician at a reasonable price...

Or finding one to call you back of give you a quote assuming you can get them to even show up.

[Shrewsburried]

Originally Posted by BostonMike7

Updated Kitchen's and Bathrooms....especially if you are buddies with a good plumber/electrician.

While technically true, the correct answer is "a good school system".

[bugelrex]

Originally Posted by BostonMike7

Or finding one to call you back of give you a quote assuming you can get them to even show up.

I've always wondered how some contractors can run a successful business by totally ignoring customers. It must feel good to have so much money thrown to you that you are too busy to pick it up...


Is the best strategy for contractor calllbacks to wait for winter or a recession?

[HolyokeM4chine]

House flippers are like any business, when it's a small one doing the lifting and they're local, I can't see it being a massive problem.

There's supposedly more corporate money in single family homes than any time before, and when you compound that with absentee landlords that already have problem properties... there should be limits. Using houses for housing isn't a radical idea. I'd wonder how many homes the biggest players have, and how much property is owned by foreign interests as a way to park their money.