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You've got this wrong because you're thinking about stable states, not state transitions.

1) "Multiple" here is wrong. What is the time when you own two houses? Well, when you're moving! You buy one, then you sell the other. During that time, you own two houses. That's multiple. Study the hermit crab.

2) Your three percent cap means that property renovation, repair, expansion, and so on is completely doomed. Why didn't you think of that?

This stuff is complex. It requires some careful, thoughtful approaches.




Like i said in other comments renovation and flipping can be done without owning as a service. It would be just like it is now with flippers paying the seller but not getting ownership at all.

You want to sell your house and it has 200k valuation? A flipper will give you 200k so you can buy another house, renovate without owning it and then at sell for say 250k and the benefit to the seller would be splitting the 50k with the renovator with whatever percentage they agree on. The key difference being the flipper now has an incentive to sell soon instead of wait years until the house costs say 500k because the original seller wants his cut soon so they can move on.

Flippers will not be doomed but flipping will be less profitable than it is now unless you do it at scale of course.

For your first point is it not obvious I meant at the time you place the house on market you if you owned multiple houses?


> This stuff is complex. It requires some careful, thoughtful approaches.

Is this comment allowed on the internet?




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