3 ms·
One more specific example of someone taking a calculated short term risk: home flippers. They have had both good times and bad in the last 15 years. Those who f
by eric-hu 4y ago
One more specific example of someone taking a calculated short term risk: home flippers. They have had both good times and bad in the last 15 years. Those who financed with lower costs during hotter markets had better margins.
- KerrAvon 4y agoHouse flipping should probably be banned, though. It's bad for the homeowners who buy the house because it's invariably low-quality contractors who do the work and they invariably don't do it to code. It's bad for the neighborhood because the residents aren't stable.
- kortilla 4y agoThis is a dumb over generalization. People that fix up homes are good for the neighborhood.
- aperson_hello 4y agoI'm curious what the alternative is? Houses in bad condition are even worse for the neighborhood