this post was submitted on 14 Dec 2023
39 points (93.3% liked)
Games
31358 readers
1842 users here now
Welcome to the largest gaming community on Lemmy! Discussion for all kinds of games. Video games, tabletop games, card games etc.
Weekly Threads:
Rules:
-
Submissions have to be related to games
-
No bigotry or harassment, be civil
-
No excessive self-promotion
-
Stay on-topic; no memes, funny videos, giveaways, reposts, or low-effort posts
-
Mark Spoilers and NSFW
-
No linking to piracy
More information about the community rules can be found here.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I am curious why it is considered such a terrible practice? A lot of people don't want to spend time and effort renovating an old property (nor do they have the knowledge or experience to do it well) so there is a market for old but already "fixed up" houses and there are people that make a living doing just that.
The vast majority of house flippers are not doing any kind of real renovation on properties. They are painting, putting on new fixtures, and putting in carpet, and then selling the property for 50% more than their purchase price.
It's making less and less affordable homes in the middle of a housing crisis. It's predatory.