I would love to see the data on how much people actually made flipping vs. how much they lost. It just feels like one big ponzi scheme to me where most people

I would love to see the data on how much people actually made flipping vs. how much they lost. It just feels like one big ponzi scheme to me where most people lose money. Flipping a house is basically taking a massive futures contract on the house. You borrow most of the money and hope it goes up. People will say "but you have an asset you can use". Not true. If you have a two condos you are trying to flip and there is a housing glut, you won't even be able to rent them out. They will just sit vacant eating away at your money. No thank you.