Ars OpenForum

luckydob said:

yyyymmmee said:

Next go after the airbnb and the home flippers. If you look at realstate listing, you literally see flippers taking 150k houses, apply fake wood floor and coat of paint then flipping it for 300k.

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Stop buying 300K houses that sold for 150K a few months earlier?

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Do your homework when buying. Too many impulse sign because constrained inventory, pressure by realtors and others outbidding. Now we have Private Equity firms joining in the home purchasing to create portfolio of either rentals and/or resale to be the mortgager. Why have a lender like a bank (mortgages get traded like herpes nowadays) making the money when some PE can.

And about Flippers, go after the advertisers that sponsor these programs on cable. And states/counties that care more about making money off RADON tests than shoddy window installers.