New Orleans It was bad enough when Wall Street sharpies like Blackstone started buying tranches of foreclosed houses in the suburbs to paint, rent, and then cash out. Now, algorithms are being deployed for house flippers. What could go right or wrong with this picture? A story in the Wall Street Journal claimed that …
Tag: house flipping
Houses aren’t Homes for the Flippers
New Orleans No matter how much sugar they put in your coffee, be very prepared to be worried about an additional trend in corporate housing speculation: flipping is back, bad and hard! In a contradictory, “what me worry,” “how can this be bad” story in the Wall Street Journal the reporter noted that the …