Why house flipping can help 'make housing affordable again'

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Why house flipping can help 'make housing affordable again'

^{Published on 2024-12-09 09:03:04 - MSN}

The biggest cause of the housing crisis is a lack of inventory, and building more homes is clearly a critical part of the equation.

The article from MSN Money discusses how house flipping could potentially make housing more affordable. It explains that flipping involves buying distressed properties, renovating them, and selling them at a profit. The key points include: flipping can revitalize neighborhoods by improving the quality of housing stock, which might encourage further investment and development in the area. Additionally, the process can increase the supply of homes on the market, potentially reducing prices due to increased inventory. However, the article also notes that while flippers aim for profit, their activities can inadvertently help affordability by addressing the shortage of entry-level homes. Critics argue that flipping might contribute to gentrification, but the article suggests that if done with community benefits in mind, like providing affordable housing options or maintaining historical integrity, flipping could indeed play a role in making housing more accessible.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/real-estate/why-house-flipping-can-help-make-housing-affordable-again/ar-AA1vxfx6 ]

N@N

Why house flipping can help 'make housing affordable again'