ST Alpha - "the Atlantic article on the 'HGTV-ification of America'. My IM quote from the article is just brutal to me" (Reading a Post)

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the Atlantic article on the 'HGTV-ification of America'. My IM quote from the article is just brutal to me

Posted by decline (aka Decline) Aug 24 '22, 08:10

"Last year, more than 5 percent of all houses sold in the United States were flips. The same has been true since 2017. Meanwhile, a quarter of all single-family-home sales went to landlords, aspiring Airbnb tycoons, and other types of investors in 2021. All told, nearly a third of American house sales last year went to people who had no intention of living in them. These trends show no signs of reversal: In the first quarter of 2022, as housing prices soared across the country and many hopeful owner-occupiers struggled to get their offers accepted, the flip rate was nearly 10 percent."

https://www.theatlantic.com/technology/archive/2022/08/hgtv-flipping-houses-cheap-redesign/671187/ (www.theatlantic.com)

Responses:

Aren't there huge real estate companies that own thousands of rental homes across the country? -- nm - Mop Aug 24, 08:27 3
- doesn't warren buffett own a crapload of homes? - colin Aug 24, 09:27 2
  - Rich people and their many homes! Dr. Oz forgot how many homes he owns. -- nm - Mop Aug 24, 10:12 1
    - and where they all are... he's still missing two houses. -- nm - colin Aug 24, 10:17
I keep getting calls and emails about my house. -- nm - Remlik Aug 24, 08:23
Tariq and Christina have much to answer for. -- nm - Reagen Aug 24, 08:13

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the Atlantic article on the 'HGTV-ification of America'. My IM quote from the article is just brutal to me

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