If you sell a house these days, the buyer might be a pension fund

Re:If you sell a house these days, the buyer might be a pens... by sokoloff on Wednesday June 09, 2021 @12:56PM (#27450241)

Lots of people want to buy a move-in-ready house. Many don’t know much about construction, don’t know which end of a hammer to hold, can’t afford to have a house sit idle for 3 months while a renovation happens, and want to have the “Apple” experience for one or two hundred a month more in their mortgage payment.

That’s the service flippers provide, IMO. (I’m not one but I think they’re more helpful than not in terms of providing housing that owner-occupants want.)

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Re:If you sell a house these days, the buyer might be a pens... by nitrogen on Wednesday June 09, 2021 @01:59PM (#27451022)

There's flippers who truly restore a dilapidated house and help resuscitate a neighborhood, and there are flippers who put a thin veneer of newness on a rotting frame, bury the waste in the backyard, and then still try to charge the same as the first kind. We don't need more of the second kind.

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