• ChickenLadyLovesLife@lemmy.world
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    1 year ago

    house flipping is a bad practice

    I spent the last year looking for a house to buy, and since it took me a year I got to see many of the shit-bucket houses I was looking at (since they were in my price range) get bought up and “flipped” - which usually amounted to just some paint slapped on everything and those fucking grey fake wood vinyl planks that everybody loves these days put down everywhere - and then resold for absurd prices. I respect people that do a good job of renovating houses, but most of these flippers aren’t doing that.

    • IonAddis@lemmy.world
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      1 year ago

      I’m in no position to buy a house, but I like to browse and dream, and my mindset at this point is basically–give me an honest old house that hasn’t been renovated since 1970…at least I can SEE the problem-spots (cracked this or that, stains, etc.) and make a plan on how to tackle them.

      Like, my gut feeling when I see that horrible silver-blue color scheme anything flipped/“renovated” in the past few years is to run as fast as I can. You can’t plan, you don’t know what you’ll have to tackle, it’s all hidden under fresh paint or flooring. Is there mold? Who knows. Water damage? Who knows. Old pipes/electrical/etc. that need fixing? Who knows, the signs that might have given you a clue were hidden or pulled out. It’s all a big mystery.