House Flipping is destroying NYC Neighborhoods NYPost Article

[Raul R.]

https://nypost.com/2018/04/28/house-flipping-is-de...

I just came across this article, being an Investor maybe I'm a little bias but after reading all I could think about is glad I'm an Out of State investor & granted I dont flip I'm a buy & hold investor. Going to meet ups I talk to flippers and I know how much work, time & sacrifice its put into flipping a house especially when starting out Flipper is doing most of the work themselves.

Not only are Landlords viewed negatively now NYC flippers are now to blame for the outrageous prices in NYC.. I guess high demand, low inventory, foreign investors have nothing to do with it..

Its a good reminder of how Investors are viewed outside this community..

[Brian Pulaski]

I actually think a lot of people look negatively on house flippers. After talking to them I learn that they don't. I see their side of the coin, driving prices up, however, at the end of the day something is worth what someone will pay. If buyers weren't paying the price and lenders wouldn't lend on it, the flipper wouldn't be able to sell so high.