There must be something else going on here or it would be profitable to buy, fix, and flip these older homes. Is the population very transient for some reason?

There must be something else going on here or it would be profitable to buy, fix, and flip these older homes. Is the population very transient for some reason? College town? Cyclic industries? You don’t see this kind of goofy market in medium sized Midwestern cities like Indianapolis or Cincinnati.