[quote=Blogstar]There is a lot of validity to what you are saying BG, but when flippers come out looking like civic minded saints that’s too much! Average people with average business ethics AT BEST. That’s all I’m saying. No need for extremes.
I have never looked down on my neighbors who don’t have the means, or maybe just don’t prioritize to make and keep a property looking “turnkey”. That sounds like lets play “Ken and Barbie” with our shelter. I don’t get that? It’s not my business as long as they aren’t robbing me,or disturbing the peace or something. If you want someone to play God that’s what gated/HOA communities are for. Our neighbors don’t owe us anything but to let us live and let live.[/quote]
Russ, I don’t think flippers are “saints.” But they ARE improving property values street by street and so in my mind are providing a “community service” at the same time they are making a profit. Why should they NOT make a profit? A lot of the work they typically do is neither “cheap” nor for the fainthearted.
I agree with you about individual property rights and the right of quiet enjoyment. But the joe6p family of five I just described isn’t helping their surrounding values …. not any moreso than before they became the owners … when their property was a scraggly REO. With six or more of these properties on a long block, it DOES affect the neighbors’ values (who keep their properties maintained) and causes potential buyers who go through the area to drive by ANY listing to ultimately decide they don’t want to make an appointment to see it due to the “overall feel” of the neighborhood.
These properties are VERY detrimental to the values of of adjoining neighbors.
Out where you are, you don’t have to worry about such things. Your property will sell based on its land mass and zoning alone and its value is less influenced by what your neighbors do or don’t do because the dwellings in your area aren’t ~8` apart.
Simply put, the people who buy these “flippers” today for a personal residence (whether not yet flipped or already flipped) are doing so because it is all they can afford at the time. So since, in any case, they’re typically “broke” at the time of closing (and possibly lacking in wherewithal/skills to make the needed repairs), it is better for ALL concerned if the property is already flipped at the time of sale to joe6p..
