On the selling side, we sold it for less than top dollar, of course, but we don't have to keep putting money into it to get it up to move-in ready condition, and we don't have to wait for an unknown period of time for someone willing to buy a fixer-upper, when there are already a lot of houses on the market.
The popularity of the TV shows have contributed to the availability of flipped houses, and it also brings more investors.
Somehow, this craze reminds me of this guy: