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.
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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. :)