Re:Americans still think they can make money flipping houses
by synu on Saturday July 09, 2022 @09:53AM
(#32035093)
Sure, just mentioning that it is possible to build a house that lasts a long time. There isn’t some law of nature that prevents it.
Re:Americans still think they can make money flipping houses
by giaour on Saturday July 09, 2022 @10:06AM
(#32035199)
True, but houses like that are far more expensive to build today. I'm not sure you could "flip" a new home built with traditional masonry since it would require a larger upfront investment. (Edit to add: the normal American usage of "flip" (buying a degraded property, fixing it up, and reselling) is also not really applicable to houses in move-in-ready condition.)
The original construction costs will probably have been recouped after 370 years of continuous occupancy, though. :)
I don't think your house is representative of the US housing market. I once lived in an apartment in a 17th century masonry building in Alsace, and it didn't seem to give my landlord nearly as much grief as my parents' 1960s-era suburban home in Houston did to them.