Also flipping houses often covers up major issues with “lipstick”, eventually i think this will make them less desirable to buyers, because if they see a house only owned for 6mo-2 years it may indicate some VERY janky bones were ignored to stick granite and hardwood in etc.
Prior to 2008, it was RARE to make any money on a house owned under less than 5 years. If you broke even you were REALLY lucky.
Its a terrible article and a terrible hottake. If hes 31 now, he was likely 16 when the first bubble popped. This is a sign of youthful ignorance imho.
Agree. I just got my invite today. BUt now im…concerned.