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A comment on Redfin Cuts 13% of Staff, Shuts Down Home-Flipping Business. Parent comment

Re:Redfin Cuts 13% of Staff, Shuts Down Home-Flipping Business by ABCLAW on Wednesday November 09, 2022 @12:14PM (#33534680)
There are plenty of REITs operating in my city that have substantial detached residential holdings.

The EV on renting and holding substantially improves if the housing market takes off like a rocket. It might not work in your market, but that doesn't mean it doesn't exist.

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Re:Redfin Cuts 13% of Staff, Shuts Down Home-Flipping Business by uoaei on Wednesday November 09, 2022 @12:57PM (#33535358)
Wild speculation and hypothesis doesn't mean it exists, either.
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Re:Redfin Cuts 13% of Staff, Shuts Down Home-Flipping Business by ABCLAW on Friday November 11, 2022 @02:35PM (#33565645)
It's not a hypothesis. You don't need to believe it exists and it may be less common in your market. I know this is true firsthand as in the course of my work, I review the financial and legal side of these entities at times.
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