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I think the line is fuzzier than you'd think. There's a large grey area of old/marginal/condemned housing stock where buyers are making a tradeoff between a te
by bpodgursky 4y ago
I think the line is fuzzier than you'd think.
There's a large grey area of old/marginal/condemned housing stock where buyers are making a tradeoff between a teardown + rebuild vs buying an old house and patching it up.
Flippers who successfully rehabilitate an old house do increase the effective supply.
- nicoburns 4y agoWhere I live (UK), I think most young people would be grateful for an increased supply of cheaper rundown houses to buy. Done up houses we can't afford don't help at all.
- bpodgursky 4y agoThe thing is, a flipper is going to sell, one way or another. They'll try to stake a higher price, but they'll sell low if there's no alternative. Supply, supply, supply is all that matters.
- uoaei 4y ago"Guess the poors will just have to wait their turn" isn't really the great insight you think it is.
- yesBut00 4y ago
- nrmitchi 4y ago> Flippers who successfully rehabilitate an old house do increase the effective supply. 100% agree that that is not what any of these ibuyer companies are/were doing.