What’s with all the flipper hating? The only flippers left are the good ones that actually fix up properties, improve them, and return them to the market. They are adding value and are a net positive in our economy. That is more than I can say for a lot of people that just push paper all day. Ever watch that show “Flipping Out” with Jeff Lewis? That guy is amazing, he completely transforms those houses. In addition he is hanging himself out there 12 months a year with huge loans as well as his own money trying to get those projects completed. That takes talent, skill, big cojones, and those that can do it deserve to be rewarded.
There were a lot of wannabe flippers back in the bubble but I imagine most of them have been shaken back into their cubicles by now.
Note that I am not, nor ever have been a flipper but I do appreciate the good ones for helping to improve neighborhoods. They provide a valuable service.