[Gena Bukin]

Don’t most people buy a fixer-upper as a first home?

Why?

My first home was brand-new and in a nice neighborhood.

I'd think that the people buying fixer-uppers are those that want to rent them out, a foolish proposition these days. Or flippers.

[mewzilla]

I'd think that the people buying fixer-uppers are those that want to rent them out, a foolish proposition these days. Or flippers.

Or are too smart to pay high figures in property taxes annually.

[KevinB]

I'd think that the people buying fixer-uppers are those that want to rent them out, a foolish proposition these days.

Why is renting out a foolish proposition? The article itself mentions that more people are now renting due to the high cost of buying. I have a bunch of rentals and they fill up just as soon as they become vacant. Lock in a long term, low interest mortgage rate and you will have a protection against inflation since the rent can be raised every year.

[DIRTYSECRET]

I’d think that the people buying fixer-uppers are those that want to rent them out, a foolish proposition these days. Or flippers.

I’ve flipped 2 condos and a house in 5 years. Contractors are a perfect example why women don’t trust men. I’m now 67. it’s been a good 5 years but now we need more Mexicans.