Viewing a response to: @gfddiver/re-investfourmore-house-flip-after-the-remodel-video-20180801t062020600z
Do you understand how the housing market works? I buy low, repair and sell higher. What I sell for is based on supply and demand, not some random number I make up. The number of houses available and the number of buyers are what drive prices. What I do would actually make houses more affordable because I am supplying more housing which increases supply. Do you understand how rent works? It is the same concept. If a company bought it to rent it out it would actually provide more supply and therefore if enough houses were rentals it would lower the rents. If all families bought homes there would be less supply and prices would increase for rentals.
| post_id | 58,658,504 |
|---|---|
| author | investfourmore |
| permlink | re-gfddiver-re-investfourmore-house-flip-after-the-remodel-video-20180803t220901072z |
| category | youtube |
| json_metadata | {"app":"steemit\/0.1","tags":["youtube"]} |
| created | 2018-08-03 22:09:00 |
| last_update | 2018-08-03 22:09:00 |
| depth | 2 |
| children | 1 |
| net_rshares | 0 |
| last_payout | 2018-08-10 22:09:00 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 658 |
| author_reputation | 113,066,339,794,964 |
| root_title | "House Flip After the Remodel Video" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
so no I'm not an expert on the housing market and i don't mean to come off as an asshole, but right now this is not a free market with such low manipulated interest rates so if people go around buying up homes foreclosed on or below real market value, then dump 10k into it just to flip, and that is doing some bullshit minor upgrades and new paint without really doing repairs and then sell at the inflated market value which is in a bubble, because the definition of a bubble is when the market is priced outside of the average person affordability that's why we see more homeless and more families cohabitating together longer it's not a supply and demand market at all more and more apartments are being rented at the rate for a 2bed being all most a whole month wage
| post_id | 60,125,311 |
|---|---|
| author | gfddiver |
| permlink | re-investfourmore-re-gfddiver-re-investfourmore-house-flip-after-the-remodel-video-20180819t062320076z |
| category | youtube |
| json_metadata | {"tags":["youtube"],"app":"steemit\/0.1"} |
| created | 2018-08-19 06:23:24 |
| last_update | 2018-08-19 06:23:24 |
| depth | 3 |
| children | 0 |
| net_rshares | 0 |
| last_payout | 2018-08-26 06:23:24 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 773 |
| author_reputation | 11,422,936,900 |
| root_title | "House Flip After the Remodel Video" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |