Posted on 03/03/2016 10:27:58 AM PST by Citizen Zed
I love flippers. Two houses in my neighborhood were flipped. The repairs were extensive, and they helped maintain property values of the entire neighborhood.
Flipping usually involves fixing up the house, not merely buying it and signing the sale papers a few days or weeks later. IOW, there is actual improvement of the property, which actually increases its value. It isn’t all fluff...and the people doing this are making money, meaning that they pay more in taxes; they are also buying more materials, increasing profits elsewhere, and they are many times employing people. So why, exactly, is this so bad?
It’s called house flipping. There’s good money to be made, depending on the location and demand.
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