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ucodegen
ParticipantI see it over and over again where average Joe will more than will pay top dollar for a move in ready home vs one that need remodel. Many people won’t even consider a house that need work.
To some extent, you may also want to look towards the realtors on this as well as ‘conditioning’. I wonder how many women want to deal with the ‘fixing up’ of a property. I think this also may be part of the equation.
ParticipantI see it over and over again where average Joe will more than will pay top dollar for a move in ready home vs one that need remodel. Many people won’t even consider a house that need work.
To some extent, you may also want to look towards the realtors on this as well as ‘conditioning’. I wonder how many women want to deal with the ‘fixing up’ of a property. I think this also may be part of the equation.
ParticipantI totally agree with this statement. They remove cosmetic fixer from the market and add decent move in ready homes.
A cosmetic fixer that someone could have bought in for less and done the work themselves and not have to have paid for the flippers work and profit margin. They could have used ‘sweat equity’ instead. This flipper prevented someone who could have bought in more safely at a lower price, from buying a house affordably.
This does not take into account that the work that some flippers do is so cosmetic that its only purpose is to increase the ability to increase the price as opposed to a needed fix and adding real value. Some of the ‘improvements’ that a flipper puts in, will needed to be torn out to fix the property. I have also seen where flippers either tear out, paint or destroy good curly or wavy maple in the process of doing the flip.
A flipper also has an advantage as to risk. They can buy the property they are going to flip using a corporation, while the person buying to live can’t. This gives protection to the flipper if it goes bad. The corporation gets dissolved and the flipper’s personal finances are not affected. This is different for the end buyer.
ParticipantI totally agree with this statement. They remove cosmetic fixer from the market and add decent move in ready homes.
A cosmetic fixer that someone could have bought in for less and done the work themselves and not have to have paid for the flippers work and profit margin. They could have used ‘sweat equity’ instead. This flipper prevented someone who could have bought in more safely at a lower price, from buying a house affordably.
This does not take into account that the work that some flippers do is so cosmetic that its only purpose is to increase the ability to increase the price as opposed to a needed fix and adding real value. Some of the ‘improvements’ that a flipper puts in, will needed to be torn out to fix the property. I have also seen where flippers either tear out, paint or destroy good curly or wavy maple in the process of doing the flip.
A flipper also has an advantage as to risk. They can buy the property they are going to flip using a corporation, while the person buying to live can’t. This gives protection to the flipper if it goes bad. The corporation gets dissolved and the flipper’s personal finances are not affected. This is different for the end buyer.
ParticipantI totally agree with this statement. They remove cosmetic fixer from the market and add decent move in ready homes.
A cosmetic fixer that someone could have bought in for less and done the work themselves and not have to have paid for the flippers work and profit margin. They could have used ‘sweat equity’ instead. This flipper prevented someone who could have bought in more safely at a lower price, from buying a house affordably.
This does not take into account that the work that some flippers do is so cosmetic that its only purpose is to increase the ability to increase the price as opposed to a needed fix and adding real value. Some of the ‘improvements’ that a flipper puts in, will needed to be torn out to fix the property. I have also seen where flippers either tear out, paint or destroy good curly or wavy maple in the process of doing the flip.
A flipper also has an advantage as to risk. They can buy the property they are going to flip using a corporation, while the person buying to live can’t. This gives protection to the flipper if it goes bad. The corporation gets dissolved and the flipper’s personal finances are not affected. This is different for the end buyer.
ParticipantI totally agree with this statement. They remove cosmetic fixer from the market and add decent move in ready homes.
A cosmetic fixer that someone could have bought in for less and done the work themselves and not have to have paid for the flippers work and profit margin. They could have used ‘sweat equity’ instead. This flipper prevented someone who could have bought in more safely at a lower price, from buying a house affordably.
This does not take into account that the work that some flippers do is so cosmetic that its only purpose is to increase the ability to increase the price as opposed to a needed fix and adding real value. Some of the ‘improvements’ that a flipper puts in, will needed to be torn out to fix the property. I have also seen where flippers either tear out, paint or destroy good curly or wavy maple in the process of doing the flip.
A flipper also has an advantage as to risk. They can buy the property they are going to flip using a corporation, while the person buying to live can’t. This gives protection to the flipper if it goes bad. The corporation gets dissolved and the flipper’s personal finances are not affected. This is different for the end buyer.
ParticipantI totally agree with this statement. They remove cosmetic fixer from the market and add decent move in ready homes.
A cosmetic fixer that someone could have bought in for less and done the work themselves and not have to have paid for the flippers work and profit margin. They could have used ‘sweat equity’ instead. This flipper prevented someone who could have bought in more safely at a lower price, from buying a house affordably.
This does not take into account that the work that some flippers do is so cosmetic that its only purpose is to increase the ability to increase the price as opposed to a needed fix and adding real value. Some of the ‘improvements’ that a flipper puts in, will needed to be torn out to fix the property. I have also seen where flippers either tear out, paint or destroy good curly or wavy maple in the process of doing the flip.
A flipper also has an advantage as to risk. They can buy the property they are going to flip using a corporation, while the person buying to live can’t. This gives protection to the flipper if it goes bad. The corporation gets dissolved and the flipper’s personal finances are not affected. This is different for the end buyer.
ParticipantMan, are they ever working hard at re-inflating the bubble. They are worried about the ‘hidden inventory’ that all of the gov. policies held back from going to foreclosure.
ParticipantMan, are they ever working hard at re-inflating the bubble. They are worried about the ‘hidden inventory’ that all of the gov. policies held back from going to foreclosure.
ParticipantMan, are they ever working hard at re-inflating the bubble. They are worried about the ‘hidden inventory’ that all of the gov. policies held back from going to foreclosure.
ParticipantMan, are they ever working hard at re-inflating the bubble. They are worried about the ‘hidden inventory’ that all of the gov. policies held back from going to foreclosure.
ParticipantMan, are they ever working hard at re-inflating the bubble. They are worried about the ‘hidden inventory’ that all of the gov. policies held back from going to foreclosure.
ParticipantOr we (ie the Fed) could “print” the money needed to pay it all off. Of course that would put some inflationary pressure on the dollar.
More than that.. Countries and people who held treasuries in a country that decided to inflate itself out of a problem would not want to pick up bonds in that country.. creating a high interest rate combined with high inflation rate problem.
ParticipantOr we (ie the Fed) could “print” the money needed to pay it all off. Of course that would put some inflationary pressure on the dollar.
More than that.. Countries and people who held treasuries in a country that decided to inflate itself out of a problem would not want to pick up bonds in that country.. creating a high interest rate combined with high inflation rate problem.
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