The issue with flipping is that they draw from the same pool of housing as the rest of the people. If a party is interested in purchasing a house to live in and along comes a flipper and purchases it instead, the flipper will add on a profit for his service, that nobody asked for.
Presumably, the party that wanted to live in had already seen the state of the house and was prepared to pay for fixes. Let’s say both them and the flipper would use the cheapest materials and labour possible, levelling out the equation. The profit for the flipper has to come from somewhere then - something extra added beyond the labour and material cost - something somebody who would live there would not have to pay in normal circumstances. They do DIY to save on labour? Great - they can be contractors then, not flippers.
This means to me that flipper not only does not add any value to the house, but inflicts extra costs upon any good faith buyers. Add to that the fact that tastes vary greatly between people and they might actually do some damage by decorating or remodelling in a style thay may not appeal to everyone, or in a bland style. All of it could have been avoided if the flipper just fecked off. House flippers are like the people rushing to pump your gas for you before you get out of the car and then expecting a tip.
The issue with flipping is that they draw from the same pool of housing as the rest of the people. If a party is interested in purchasing a house to live in and along comes a flipper and purchases it instead, the flipper will add on a profit for his service, that nobody asked for.
Presumably, the party that wanted to live in had already seen the state of the house and was prepared to pay for fixes. Let’s say both them and the flipper would use the cheapest materials and labour possible, levelling out the equation. The profit for the flipper has to come from somewhere then - something extra added beyond the labour and material cost - something somebody who would live there would not have to pay in normal circumstances. They do DIY to save on labour? Great - they can be contractors then, not flippers.
This means to me that flipper not only does not add any value to the house, but inflicts extra costs upon any good faith buyers. Add to that the fact that tastes vary greatly between people and they might actually do some damage by decorating or remodelling in a style thay may not appeal to everyone, or in a bland style. All of it could have been avoided if the flipper just fecked off. House flippers are like the people rushing to pump your gas for you before you get out of the car and then expecting a tip.