The TRUTH About Flipping Houses...
ฝัง
- เผยแพร่เมื่อ 27 พ.ย. 2020
- Who doesn't love a good before and after house flip?! At some point HGTV gets us all dreaming about our own renovations, or better yet professionally flipping houses for a profit. But can the average person actually do it? Today I collaborated with the Austin Flipsters to find out what it is really like to flip houses.
Check out the Austin Flipsters: / austinflipsters
House Flipping Course: austinflipsters.teachable.com.... CODE: MILLENNIAL for 10% off!
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For real estate services in the Seattle, WA area: monicachurchseattle@gmail.com
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I’m curious, would you guys ever flip a house?!
I would LOVE too. If I was financially able too
I think it may be a good option. I could try!
I would!!
Yeah I totally would
Nah too expensive
This is netflix quality. House flipping with Monica Church, get your series started!
FR
She did an appearance with Austin Flippers.
Sometimes I dislike how popular house flipping has become. I live in a Chicago suburb and it's getting harder and harder to find homes that haven't been flipped. I'm not currently looking to buy (but I'll browse real estate websites) but I know once I do, I want to be able to renovate the home myself so it reflects me, not what the new construction developers or flippers think I'll like.
If there are idiots buying a renovsted house for 3x price...
I agree. Flipping house became very bad for the prices of the houses.
I could never flip a house. I’m not strong enough.
UNDERRATED COMMENT
Yeah...but odor isn’t everything..😉
#1 Dad joke of the video 🏆
🥁
Gotta use the back
Deadass thought Monica was about to buy that house and flip it 😭
Haha I will stick to my airstream for now
same lmao
Monica Church 3.0, the real estate agent era, is 👌
a problem i tend to have with house flippers is them taking away the character of older homes. they make everything grey and neutral like any other newly built house. i’m tired of seeing the same modern farmhouse design everywhere i go man
When they were like, yeah just paint over that old wooden staircase with a super dark black that’s totally fine! 😢
I get what you are saying, but that’s what sells 🤷🏼♀️
And flippers have major financial incentives to cut corners though out the process. At least with an established builder/remodeler they have reputations to worry about. A "flipper" just cashes the check and moves on to the next one, there's little recourse for the buyer when those "cut corners" start showing.
Where do you live where everything looks like a modern farmhouse? lol.
I would also NOT be interested in an open floor plan.
I live in an area about an hour outside of Toronto, and house flipping has significantly damaged our housing market. Due to the fact that real estate is cheaper outside of the city, many people from Toronto are buying properties and “flipping” them in my city. The issue this creates is many of these jobs are done very poorly, as well as it continues to drive up rental prices in our city. Right now we are facing unprecedented numbers of homelessness and poverty because so many people with “normal” incomes are being pushed out of the rental market. As well, cheap repairs put into houses to keep the “budget down” often do not last and create larger problems for the owners long term. It is very interesting to explore the different implications behind flipping, and also see if there are ways it can be done that preserve the community and housing prices while creating safer living conditions.
Hi i'm just curious, is your city Hamilton? I live just outside Toronto as well. Found your comment very interesting and enlightening. Couldn't agree more.
@@jboudie Yes!
No one on tv talks about the house flips that lose money....
Survivorship bias
There's an old saying, "Success has many fathers, failure is an orphan."
THIS PART!
Sometimes they add that the home is being rented. I think that maybe an admission of sorts.
Scott Disicks did!
Loved this episode! Had so much fun working on this with Monica!
Lauren you are SO cute! I love you guy's channel so much !
I love that you collaborated with Monica! I remember when you guys had like 10k subs
So happy to watch my fav youtubers!!
Good to see you own a Tesla
I’m 1 of your subscribers, actually been watching all your flipping house videos. I love it when you show all the cost and calculation down to what the profit would be...
We started flipping house in 2015 because, like you, we had been watching those cool HGTV house flipping shows. But after a few years we learned that the real money in real estate is in keeping the real estate. Now we specialize in lease options and have made 2-4 times more money on each property over a 2-3 year period of time without paying as much in taxes as when we were flipping. Thanks for your content.
I wouldn’t flip within Seattle the key is to flip the surrounding areas. Much lower risk, higher reward
Makes sense, Tacoma might be better!
@@MonicaChurch or South King County areas, like Renton, Kent, Des Moines, Federal Way, Auburn/Algona, Enumclaw/Ravensdale/Greenwater. And to the south is East Pierce/Franklin, cities like Fife, Parkland, Edgewood, Lakewood, Puyallup, Sumner, Spanaway, Graham.
Seattle would not be my first choice. I would look at Black Diamond, Renton Highlands, Puyallup (Sunrise area) or Sumner. 💙💚
Like Roy. Great place.
@@MonicaChurch South King County is a great area for flipping. I’m in Auburn and you can make $100-200k profit with much lower investments. We aren’t flippers but got our current house for $150k, fixed it up, and it’s now worth around $350k.
Worked I real estate for years and I am a CPA. Most people lose money flipping. You better have the capital to sit on it.
Yeah I am very suspicious of these house flippers. There might be like 1 home every 3 months that makes sense in an entire city but then you have to compete with all the other investors to buy it so it's very very difficult to make money doing this. Much better off buying homes like this and rent them after rehab.
This was so entertaining to watch!!
Flipping shows always leave out many of the costs that are important to consider such as financing costs and selling costs
Absolutely. I recently turned one of my rentals into a flip, listed it for $130K, that immediately attracted buyers with VA loans (it was "too cheap" for the majority of other buyers, who wanted to max out their loans). However, the selling process costed me $15K (commissions, closing costs, mortgage, taxes, etc), which ate half of the profit. Well, people should remember that VA buyers can't pay closing costs. Also, many flippers use hard money loans with much higher interest than the conventional loans.
They often talk about the huge sale prices flippers get on these houses, but they never mention the realtor commissions, property taxes, capital gains taxes or interest paid, that all come out of those profits.
The time and energy you put into this video is so apparent! Well done. This was awesome.
Glad you enjoyed it!
Sure maybe these Texas flippers are investing into houses that are uninhabitable, however, the popularity of “flipping houses” is ruining the market where I’m from. My partner and I want to buy a house however there are barely any houses left in our price range because people are buying them and flipping them. The biggest issue with this isn’t necessarily that people are flipping but they are flipping houses and doing it poorly. You are able to tell the house was flipped because at a quick glance, yes it looks nice and remodeled but when you look up close you can see that it’s a shitty job. If we were to buy any of these houses that are newly flipped, we would have to rip out and redo the entire house because the flip was bad so it just defeats the purpose. I wish people would leave the houses alone and then people who have small budgets can buy these houses, live in them while they do some remodeling, and maybe sell them 3-7 years later like your parents.
That’s a good point about bad flips being out there, I wish I could’ve gotten into that in the video but hopefully in the future! I’m sorry your getting priced out, that sucks and I hope something comes up for you soon. Where are you buying?
Northern Illinois/ “Chicago” suburbs!
@@MonicaChurch
I agree with @Shannon.
Flippers just kill the market. Just stay away and don't do it. Greedy A-holes.
Capitalism! YEA!!
They are running out of houses to flip that I get like 10 calls, messages and mail letters daily asking to buy my house😑 If I want to sell it i'll put a for sale sign up, STOP CALLING😭
South Park did an episode about house flipping
"We will break down the wall between the kitchen and living room for an open concept" lol I laughed when she said they did the same thing
White people flipping houses
I thought of that episode right when she said that lol
I think it would be great if you went into gentrifying aspects as you continue researching this topic and share that point of view with your audience. Whenever someone refers to an area as "sketchy" then starts to talk about purchasing a home to renovate and sell for a much higher price, I think it's good to also be aware of any gentrification forces that may be happening in that community. I appreciate that you mentioned it at the end, but I think it would be great to delve more into!
THIS
Especially since these flippers are in Austin, one of the most segregated cities ever... as someone who lives in Austin, flipping on the east side of I 35 is morally wrong and gentrifies minority dominated communities.
Yes, Austin is also rapidly gentrifying and lots of other American cities like it. You’ll end up with a half million dollar home in or around a neighborhood that doesn’t support that kind of house or person buying it.
@@PinkKissedLips Yep. Barton Hills is a great example of this. Some houses go for $500k while the one next to it goes for 3 mil.
Yes, gentrification is a really good side benefit of flipping houses. It makes neighbourhoods which were once dangerous much more family friendly
literally love how we're growing with you! can't wait for more real estate content 🥰
Thank you for watching!
You’re good at video editing, you’ll probably be very successful in real estate because of your social media presence.
Thanks! I hope that it helps!
@@MonicaChurch for sure! You’re one of the few TH-camrs too that doesn’t live in California. It’s a nice touch getting to see some of Seattle
Being a success on TH-cam has nothing to do with being a success in real estate. You are a moron.
The house I bought was a flip. It sat on the market for three years and I got a great deal on it. I'm pretty sure the person who flipped broke even. It was her first flip and she said she'll never do it again. Worked out great for me though!
I have heard most people break even on there first flip, good deal for you I hope!
Idk why, but I live in Russia, I’ve never seen any Show about flipping houses, but I’m watching it, and it’s interesting
So is house flipping not really a thing in Russia, or are there no shows? Surely somebody flips old apartments. there are plenty of very old apartments with a Soviet layout located in central Moscow/Saint Petersburg that would be so much more desirable with a European-style remodel (Евроремонт). Do people do those themselves, or are there flippers?
@@annach109 I do not know about Russia, but for example in Germany house flipping is discouraged by the state. If you sell a certain number of houses withing a few years, you will pay high taxes. It would only make sense to flip them, in order to rent them to somebody.
Can you even own houses in Russia or does Putin own it all? 😂
@@ebogar42 for sure you can own a house in Russia. But... if Putin wants it, it’s not your house any more😅
@@annach109 no it’s not, cause we don’t have same or similar insurance system as in US
I think finding the right contractors would be key, along with all the risks.
As an Austinite it makes me sad to see these original houses go. It’s gentrifying things and raising costs for everyone
yes! Super depressing, they really don't understand the starter families they're hurting or they just don't care
Are the craftsmen houses not original?
@@ritadecastro2344 They definitely don't give a crap since it's all done in the name of "building wealth". pure greed.
I too am an Austinite and agree!
they should be brotherly responsible and flip one house a year and make it affordable housing for lower income people however, isn’t this whole country built off taking land from its original inhabitants
I’m always blown away by your editing. So amazing story telling. You’re da best
Thank you!
your father looked so much different in younger years...
i also am thankful for my parents to save and build house on their own so we had big house without mortgage
The problem with flippers like this, is the first house they showed that has now sat for 9 months they still pay mortgage and property tax but then they never factor that into thier profit. So they dont really make what they said
depends on how they're doing the financing. It might not be a traditional mortgage. But there will still be interest if they did a "hard money" loan.
Austin Flipsters say they always use their own cash. So they technically aren't paying any mortgage, but yes they should say how much their holdings costs are such as property tax, insurance and utilities.
@@nataliewongg not sure about that.
@@MingGongcoolmango71 The first house he said he saved up for, so maybe they don't have a mortgage on the other ones. They buy houses with cash possibly.
Nor have I heard of any flipping channel ever mention taxes for any of the flips. Unless I am missing something when they flip and make 60K they have 20% taxes due as well. When they state it takes 80K to fix up they are as well footing that bill. If they are doing the work they save some on the labor. If they are paying subcontractors that is an added amount. As well if they hold for any significant time real estate taxes come into being. This is a lot of money you have to have up front or paying mortgage taxes as well.
I have to say I love how you film your videos. It’s such an enjoyable experience and I’m excited to continue watching your journey :)
Thank you!
this is what I call quality content. Thank you! very informative.
Thank you!
Honestly your content is so diverse and fun❤️❤️❤️ very few channels make me wanna come back to them and this is one💖
Really enjoyed this video! It was so cool to see the different perspective and even dive into your parent’s past! Honestly, most of the time I don’t watch this content but I watch your house vids because of the style, the overall storytelling and how much I enjoy you as a person which is amazing!! Then I end up really invested in the topic
Thank you!!
The best way to get into real estate is not flipping houses, it’s purchasing multi unit properties. Most people use their first time home buyer loans to purchase a family home. But it’s smarter to at least buy a duplex, and rent out the other side. Even better if you can purchase a three unit or four unit property initially. If you can rent out for at least your mortgage or even more, you’ll be financially in a good place to purchase a single family home after a year. Then you can rent out the unit you occupied and make more money.
Very interesting! Thanks for your input, this is pretty underrated!
I saw their video of you and was hoping you’d post them! Makes me so happy you’re supporting their channel and was able to gain some of their knowledge and expertise!!
YESSSS! I am so happy you met up with the Austin Flippers. They are my frigging favorite. Love this. Perfect, Monica.
The fact that you produce this quality level is crazy. I have a feeling we will see be seeing you on TV. Can only imagine what that would look like with your own, deals, flips and team. Awesome work Monica, im definitely subscribed.
What's crazy? She has a good camera. lol
Just got my license! We are doing the same thing as you here in Pensacola!
My parents have live-in flipped houses since I was 8, both while still working! It's really interesting to see this more from their perspective!
Another 12/10 video Monica. It amazes me how much detail you put into every single one. I’m here for the long haul!! 😀
I misread the title of this video as "The TRUTH About Flipping Horses."
Now THAT would be an interesting video.
These Flipper Tubers are like gamblers, counting all their wins, while ignoring all the losses. The profits are NOT what they paint...
Sure some money can be made, but only in an up market. When the market turns, ya get left holding the bag on multiple properties you can't finish and can't sell.... bankruptcy ensues. Thus, following the market and knowing when to exit quickly .. is a must, or you will be ruined.
if you have a low cost of goods, it doesn’t matter if the market drops. Even if there is a drop, you just have less profit, not bankruptcy. If you’re upside down on a flip, you either bought too high, or renovated too much.
That happened to my friend in 2009
I used to make TH-cam videos to push my competitors into other cities. Real flippers don't want to talk about the flips (for the most part). Or unless you're a wholesaler and you're looking for newer flippers to sell wholesale properties too. Also perspective is this... sales volume is down in 30%-40% in LA... we have a 15% more new lic agents.... less agents and less sales... for the sake of CPM bump talking about financials great job! Espose the truth
@@Kimberly-wt1nu And that's the problem sometimes. People will use the cheapest supplies to flip a house and the shit doesn't last 15 years.
This happened to my cousin in 2008,helped him renovate a couple houses just for him to get screwed. He is still living with his parents*
I can not thank you enough for starting the purpose of this video the minute it comes on!!!!!!!!!!
My aunt and uncle do this full time and it’s a successful business. There’s always houses that need fixing up. It’s true, the housing market needs people to come in and buy the crappy homes and make them livable again. I hope to get into this someday too.
I kinda hate house flippers cause they are going to cut corners. Would rather buy a fixer upper than a flip.
Yes! Tons of people where I live have bought up all the “cheap” houses and flipped them but did a really shitty job. I can no longer afford to buy! Even if I could find an affordable house that was newly flipped/renovated, I would have to eventually remodel it myself since it’s poor quality.
Exactly!!
@@shannon3894
Yes, and yes x 1000.
They just ruin it for us who are actually looking to buy. Many flipped Houses here locally are done with the cheapest materials from Lowe's or Home Depot and now they are priced out of my range.
Exactly. That’s why I bought an old house. They are built to LAST.
I can't stand them, either. You are correct that they cut corners. I look at real estate and it irks me how much money they ask for houses a couple of months after they bought the wreck.
It's been so fun to watch this video come together and the work you've done towards it through your vlog channel. Great job!
Thank you!
Love watching your progress! Keep up the good job Monica!
I love how thorough your videos are. Good job.
Thank you!
Never would’ve thought these two random TH-cam channels that I watch would collab lol I’ve been following Austin Flipsters because I may wanna buy one of their flips
Love this kind of video! I would love an update video on the cheap old house girl
Definitely want to update once she’s further along! Low key miss wheeling and think about it often lol
Can't wait for all the renovation video's!!
Me and my husband, who is in the army, are about to make a move from Kentucky to Washington and we’ll only be roughly an hour from Seattle. I’ve been considering the idea of trying out real estate when we get settled in so I love all of these videos you’re putting out!!
Omg I didn’t notice this was austin flipsters! I was gonna say you should collab with them next 🔮
Your voice is so calming 🥰
Oh thank you!
yay! I was so happy you collabed with my favorite youtube house flippers! Their channel is awesome!
This is great content, cant wait to see more of your real estate career!
definitely not into house flips because it takes a lot of character out of homes and neighborhoods. Plus it drives up the market.
They are killing the market for people who actually look for a house to live in.
Flippers are scum.
Agree with you to some extent but some of these houses really need it structurally or haven’t been updated cosmetically in decades. I think as long as it’s only done to houses that really need it as opposed to ones that just aren’t their style, I don’t see the problem.
@@katiechambers1319
Sure but this idealistic view doesn't really apply. The point of flipping is to make a quick buck, not to make a historic impact.
I can do a lot of work myself and really don't need or like a flipped house where (as usual) the cheapest crap has been used to make a quick profit.
agreed
One could argue that the existing residents that are often minorities in these places being mentioned benefit from increased property values and generational wealth building. Grandma buys a house 40 years ago. Leaves it to her family. Sells it for 800k her family now has opportunities they didn’t have before. The more a home is worth, the higher the property tax (not great for existing residents) and the more the school in that area gets. In Texas especially a huge, huge portion of your property taxes goes right to the school system.
location really is everything. A fixer-upper like that would be $60,000 near me.
Always so impressed with your b roll footage. Amazing video, Monica :)
Thank you!
I prefer the Palm Springs area! Waiting for a new video about the new house there!! 💯💯
This was a wonderful video! So fun to watch! Also been watching the Austin Flipsters so it was cool to see this collaboration! Loving your journey Monica!
Glad you enjoyed it!
Great video Monica! Love the real estate and airstream videos, keep them coming!
I definitely would flip a house. I love the charm and character that older houses have... Personally I find that newer house have a too much of a cold and modern feel.
Flipping a house seems so cool, but I know it’s harder work than it looks!
You're so good at what you do, Monica!
You got a thumbs up simply bc when the video started with you on the couch, I thought it was an ad and the countdown glitched 🤣 Presntation 👌 chef's kiss
once you get busy with real estate, I bet you’ll need an assistant for for all your endeavors!! ;-) 💛 love this content! I think if anything, I’d do some cosmetic flips.
Haha yeah, I’ve got that in the works!
Meet Kevin does great flips!
A lot of people are not financially stable this period and it's not easy, I always advise people, don't just waste your stimulus checks or salary, invest it in something that will yield more, even if it is a part of it. We can't keep relying on a paycheck that is already half-spent before we even receive it. There are investment opportunities that have helped a lot of people especially in the financial markets. Having different streams of income is essential in this pandemic, especially now most of us have to earn from home. I've made impressive progress so far this year and it has helped me sort out a lot of bills.
The improvement lately is amazing. I never knew it could get easier with me being retired. All my focused is now placed on stocks which gives me steady income weekly
Stock is the oldest online market we have done in the past years, we employ it because of the highest quality of services it renders and how successful it is, today we now say forex trading too. I'm just saying that people should develop the habit of investing, it's really helpful in life.
Another passive income idea should be trading, to be more precised, the forex market or gold (ETF). I have been investing in this avenue for a while now and investment has been great with profits coming in constantly
The competition is on and every investor wants to be the best and successful but the truth is not everyone can be successful. I still think Forex trading and Binary options investments still remains the best option for now
Speaking of Forex trading, it's really one of the best business in the world right now. I know a couple of friends who make a whole lot of money trading the financial markets
You really give us quality content and I'm so thankful!
I just found your videos, and subscribed. Amazing content, and editing. Really well done.
How to find a deal. The key is to get the cheapest house on the block in the best neighborhood. You can renovate but if you’re well above the local market, you won’t be able to flip.
Investment is the greatest accomplishments ever, especially when it gets you money and you freedom, Rule No1: Never lose money.
Rule No2: Never forget rule no1
Well said I’ll love to start investing but I don’t know how and what to invest money on
Hey can you share your investment platform? I’m ready to jump into any profitable investment into.
Bitcoin foreign exchange market and stock are investment one can lay his or her hand on but the most profitable investment right now is Bitcoin
People talk about the have no knowledge about, you have to make researches before concluding, we are in a digital world now where crypto currency are recognized .
@Redmond Maya How do I go about it
So happy for you! Have been watching you for years and you made me want to move to Seattle! Will definitely be reaching out to you when I move!
I really like Monica's energy! it is very nice watching!
Sometimes I think "damn I truly am living in a different reality than other people right now." Made me squirm to see you travelling across the country for this video, and to be around them without masks? Here in Canada, non essential travel is practically non-existent, no one outside of my province is even allowed in without isolating for 2 weeks! Great content but damn girl, you gave me anxiety just watching!
That’s what I was thinking the whole time! Although at some points you can see the dude edging closer and Monica edging away lol
Completely agree! I downvoted and stopped watching :( I can't in good conscience support that with things so bad.
I would keep in mind that this was probably filmed a while ago and there were no travel bans then. I know she has been taking things seriously based on previous videos, so I can give the benefit of the doubt and hope they all got tested for covid in preparation of the video.
@@sarbear143 she posted a vlog about this trip to Austin, so it was recently filmed!
I’ve never flipped a home and although it’s intriguing I kind of dig my “cookie cutter house”. Cool video.
Was it hard filming a video like this during Covid?
Amazing content Monica! Thanks for going the extra mile and educating us on many topics :)
Thanks for watching!
Lady, wake up your talent is clearly journalism, the content is AMAZING
I'd be interested in a video about whether the average home seller should fix up their house before selling or just sell as is. Which is more profitable to the seller? If a seller renovates their house with inexpensive flooring, countertops, etc. and then a buyer buys the house but rips out all of the cheap stuff to put in something better...maybe doing nothing would be best for the seller?
That is a great question that I'd love to explore more. I think it depends greatly on the price range. If you add new vinyl flooring on a 300k house then it probably makes sense. If you add that to a 1 million dollar house they'd for sure rip it out for something nicer.
@@MonicaChurch I thought you lived in Seattle (joke). There are no $300k houses here:)
most flippers do crap work, or hide their work or no work behind walls and new paint etc..... buying a house that needs some TLC in a good neighborhood and fixing it up while living in it like your parents did and moving out and on up is a safer bet.... don't buy a flipped house in my humble point of view
Honestly, addicted! This is approachable and realistic.
I always watch your vlogs so I was waiting for this video to come out!
Thank you! 🤗
Sort of lost track. Whatever happened with the airstream renovation?
@@sitab2171 - Thank you. It’s fascinating how Monica has all this energy, and drive, to do all these projects, and still be so vibrant. At the same time she is helping Shelby with her healing process. She is an amazing young woman.
The survivorship bias in house flipping is strong
Yeah, the people who have their finances ruined get outta the game.
There is a big difference between remodeling a house for one's self and for sale. It has a huge socio-economic impact on local communities. Especially in the countries like Portugal where except for real estate nothing else is booming. While giving access to easy money to capital owners it contributes to a real estate bubble. It seems that more real estate markets need coop system like in Manhattan to stabilize them and prevent bubble bursting.
I'm so proud of you, this video is amazing. You have found your niche
It may be true that almost anyone could do a cosmetic flip. The challenge is that you can never really be sure what is cosmetic and what might turn into a down to the studs renovation.
Monica's production value is SO good! she deserves way more views
These videos capture Seattle so well!!!!!!
Love your whole new real estate adventure actually have been thinking about getting my license since shortly before you started this! I think I’m going to stay taking classes over my winter break from school!
Do a collab with Meet Kevin! He talks a lot about real estate stuff (and why you might want to renovate and rent out a property instead of flipping it for a quick profit!)
WOW is anyone helping her with those videos?
bc she seems like a cinematography major not real estate
GRL slayyy
I love Austin Flipsters, I've watched all of their videos.
Excellent video, I really appreciate the amazing info regarding flipping.
Its kinda like owning rental property...you may mostly luck out with tenents that don't really damage things...but then u may end up with a tenent from hell that destroys your house or steals all your appliances when they move out. The loses,as already stated can be bad to ruinous...i would consider cosmetic type flip.not sure i have the intestinal fortitude for even much of that lol
Good back ground check(there are private investigators that do Tennant checks %100 worth the fees), good insurance, good home warranty, and communication can eliminate many of the issues you bring up
This videos editing is like a frikken... I don't know, Martin Scorsese movie 🤣❤️👏
I appreciate the compliment haha
This was a super edit. So good that I watched this on my tv, got up and walked over to my computer so I could leave this comment.
So so good!! Monica your content is so impressive!!
Just a note, but something I'm beginning to see is a backlash to the 'open concept'. People are finding that having the kitchen being all but part of the living room is not really ideal.
I’ve heard that! Some don’t like it for entertaining
@@MonicaChurch Yes, and people in the living room can't hear each other or the television from the noise in the kitchen, the lack of privacy, the cooking smells that permeate the entire area, and the kitchen always having to look 'perfect' because it's on constant display. In a tiny house, I can understand the need to combine living/eating areas, but in a full-size house, I think doors and walls are a good thing. :)
@@MonicaChurch (And best of luck with your career choice!) :)
These people are flipping houses as a business. That’s not “normal”. Millennials aren’t even able to save $40k to put down on a house as is and then as others have said, flippers who do a bad job make a vacuum in the market. My husband and I bought our first house in a city with insanely disgusting home values for the area.... it needed cleaning and some sprucing up but that’s STILL a huge monetary investment. Not to mention many millennials wouldn’t be approved for lending on all this. It is literally gambling. That’s just not realistic for most people.