Here in Florida, I think the bubble finally hit the house flipping limit. At least 5 homes on my block were sold for 600k or more, bought by people who painted,tiled, and made the houses all white inside in order to flip them. All 5 were relisted again within 3 months for 700k and up. 2 sold, were worked on, then up for sale for 100k o er the original price. Now all 5 homes are empty…on sale for 700 to 850k… All by fucking house flippers.
I’m not crying for them.
They are the ones stuck with the 16k per year propert tax bill. Who the fuck can afford an 800k home in this middle class area? Glad I bought when prices were under 200k. My taxes are reasonable, even if my insurance isn’t anymore
Here in Florida, I think the bubble finally hit the house flipping limit. At least 5 homes on my block were sold for 600k or more, bought by people who painted,tiled, and made the houses all white inside in order to flip them. All 5 were relisted again within 3 months for 700k and up. 2 sold, were worked on, then up for sale for 100k o er the original price. Now all 5 homes are empty…on sale for 700 to 850k… All by fucking house flippers.
I’m not crying for them.
They are the ones stuck with the 16k per year propert tax bill. Who the fuck can afford an 800k home in this middle class area? Glad I bought when prices were under 200k. My taxes are reasonable, even if my insurance isn’t anymore