That brings back memories of a duplex I checked out last year—same deal, straight out of a time capsule. I ran the numbers and honestly, between the asbestos and the ancient wiring, it was a bigger risk than I was comfortable with. Investors with deeper pockets scooped it up fast. I get the appeal, but sometimes I wonder if all these flips just make it harder for regular folks to get in. It’s tricky—on one hand, you want to see neighborhoods improve, but on the other, you don’t want to see everyone priced out. There’s no easy answer.
It’s wild how fast those “projects” get snapped up, right? I totally get running the numbers and walking away—hidden costs can spiral quick. I refinanced last year and even then, finding something livable that wasn’t already bought by a big investor felt impossible. The flips do clean things up, but man, it’s tough watching prices shoot up for everyone else. Sometimes I wonder if restricting big buyers would actually help or just shift the problem around...
I hear you—sometimes it feels like the only way to get a shot is to buy something that needs a ton of work and hope you don’t find too many surprises behind the walls. I get why folks want to keep big investors out, but I wonder if that just means more cash buyers or small-time flippers swoop in instead. Ever seen a neighborhood actually get more affordable after these kinds of rules?
I’ve been watching my area since the city put in rules to limit big investor purchases, and honestly, prices didn’t really drop. Smaller investors just started buying up the same places, sometimes even faster. Maybe it slows down huge rent hikes, but I haven’t seen homes actually get cheaper. Anyone else notice that pattern?
Yeah, I’ve noticed the same thing around here. The big names get pushed out, but then you just see a bunch of LLCs or smaller groups swooping in. It’s like whack-a-mole—take out one kind of investor, another pops up. I get the idea behind these rules, but unless you actually make it easier for regular folks to buy (like, fix credit barriers, lower down payments, whatever), it just shifts who’s profiting.
Honestly, I’m not convinced banning corporate buyers will magically make homes affordable. Maybe it slows down the rent hikes a bit, but prices? Not seeing much movement. If anything, the competition just gets sneakier. I remember when my cousin tried to buy last year—kept getting outbid by “mom and pop” investors who had cash ready to go. Doesn’t feel like a win for first-time buyers, just a different flavor of the same problem.
