How the fuck is this sustainable?People get a mortgage and buy old houses/apartments, do a little renovation work and foreigners instantly throw theirmoney at them.They later sell the house at a huge profit, pay back the mortgage and pocket the diffe

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Normies at my workplace are literally doubling their money every year by flipping houses Chud vLte^3X8 04/23/25 (Wed) 15:53:50 №8800 [Quote]

How the fuck is this sustainable?
People get a mortgage and buy old houses/apartments, do a little renovation work and foreigners instantly throw their
money at them.
They later sell the house at a huge profit, pay back the mortgage and pocket the difference.
There's no way jews are allowing normalfags to
make this much money, what's the catch here?

Will houses EVER go down?

Chud 2yd4T68P 04/23/25 (Wed) 16:01:24 №8813 [Quote]

>>8800 (OP)
Dangerous game if you're taking out a mortgage for it. You could get stuck with 300-400k worth of debt that now one could afford to buy off you. I've never flipped houses but Nick Rochefort is pretty good, and he claims to have been stung a number of times. He made most of his money from BTC and ETH which is the main reason he can get away with flipping houses, one loss wont catastrophically rape him

Chud Z2E0tCmB 04/24/25 (Thu) 03:06:12 №9651 [Quote]

>>8800 (OP)
They're exaggerating by failing to mention costs. Every time a home changes hands, the realtor and title agency and taxes collectively eat about 10% of the house's value. They pay that twice, when they buy and when they sell, and it's brutal.

I'm sure they're making money, but it's a fraction of what they're claiming. And like the other poster said, if raisin goes south they get stuck holding the biggest bag of odorous excrement they've ever seen.

Chud yZsl15!K 04/24/25 (Thu) 11:20:46 №9967 [Quote]

>>9651
>if raisin goes south they get stuck holding the biggest bag of odorous excrement they've ever seen.
Based margin call reference

Chud cI9hPwHn 04/24/25 (Thu) 11:57:27 №10000 [Quote]

unless youre doing the reno work yourself i dont see alot of profit in this; my area was full of $400k+ houses; but now they are all hovering right at $300k; so many folks trying to get the money they spent back at this point

housing market is flooded with raisin renovations; woth houses sitting for 120 days or more. anyone who was myopic enough to buy for keeps in past 5 years already pulled the trigger

market is correcting big time evsn in "hot" real estate circles

Chud iX2vQjvf 04/24/25 (Thu) 16:10:53 №10304 [Quote]

>Will houses ever go down?
>In portugal
Lol no, you faggots do not know anything about working for a living and live in a socialist failed castle state. No new homes are being built.