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re: America had a love affair with ‘fixer-upper’ homes. That may be over
Posted on 7/17/26 at 4:30 pm to McLemore
Posted on 7/17/26 at 4:30 pm to McLemore
quote:The spread was what drove the buy-renovate-flip trend. Prices and rates shot up. We're bubblish now. If someone is looking to flip homes in 2026, it is a much riskier market IMO.
I guess this could be good news for people who still want to buy and flip (and know how to do it right--e.g., the buy, smartly renovate, live for two years, flip using primary residence tax exclusion method).
if the spread is greater, then there's more potential for profit.
Posted on 7/17/26 at 4:30 pm to Bonnie Blue
quote:
Why is covid capitalized? It's not a proper name.
It is an acronym. You didn't pick that up in the last 6 years?
Posted on 7/17/26 at 5:01 pm to Obtuse1
Then why weren't all the letters capitalized?
Posted on 7/17/26 at 6:16 pm to JohnnyKilroy
quote:
JohnnyKilroy
A boomer GC would have known what the hell he was doing and wouldn't have fricked you over.
Posted on 7/17/26 at 6:25 pm to Mizz-SEC
quote:
A boomer GC would have known what the hell he was doing and wouldn't have fricked you over.
Perhaps. This guy seemed like your run of the mill Gen X loser.
Posted on 7/17/26 at 6:41 pm to Paul Allen
Maybe anecdotal, but in my part of Houston and lots of others, "fixer-iuppers" get bought up by flippers. Houses are gutted to the studs and rebuilt.
They buy quick and price out people who want "fixer-iuppers." It's generally been good for home values in our area, but you don't see young couples doing it themselves anymore.
They buy quick and price out people who want "fixer-iuppers." It's generally been good for home values in our area, but you don't see young couples doing it themselves anymore.
Posted on 7/17/26 at 6:52 pm to Paul Allen
I’ve built a number of new homes and flipped a bunch more.
People see the H&G station, thinking they can do the same. I can walk into a home and tell if the previous owner did the job.
People see the H&G station, thinking they can do the same. I can walk into a home and tell if the previous owner did the job.
Posted on 7/17/26 at 7:16 pm to Paul Allen
Younger generation is too lazy to fix up a house
Posted on 7/17/26 at 8:48 pm to deltaland
quote:fixer uppers are too expensive
Younger generation is too lazy to fix up a house
Might as well spend the extra 20-40K for either the new or already upgraded house
Posted on 7/17/26 at 9:12 pm to TygerTyger
quote:
I've bought two houses in my life. Both were brand new. I looked at pre-owned but the price difference wasn't enough of a savings to outweigh the hassle of fixing shite, and the idea that someone else had been living there. It's not like I'm a maladroit with powertools, I do a good bit of carpentry and mechanic work. I just like the idea of a new house with no hidden headaches from day one.
Crazy insurance discount on new construction as well.
Posted on 7/17/26 at 11:39 pm to LSUDad
A couple who does basic TLC for a house can make a different (painting and shite).
But once people decide they’re chip & Joanna Gaines and start doing major work involving wiring and/or drywall, it all goes to shite. Ask me how I know
But once people decide they’re chip & Joanna Gaines and start doing major work involving wiring and/or drywall, it all goes to shite. Ask me how I know
Posted on 7/18/26 at 8:35 am to Geauxld Finger
quote:This right here. Hey this house is 30 years old just in terms of visual things, and the bones are even older. But we still want top market value. What’s that? It’s sat on the market for 2 years and nothing, it’s ok we know our worth. Fricking boomers
That’s when you could get a fixer upper cheap. Now the fixer upper in a good area costs just as much as the “move in ready” house used to cost.
Posted on 7/18/26 at 9:02 am to HangmanPage1
Bingo.
I'm 42, a plumber, and pretty handy with most other things. I need to downsize TBH. Bought my current house (2700 sq ft) in 2015. My and my fiance split in 2020 and I've been living here by myself ever since. It's kind of dumb TBH. I don't have kids. It's just me.
So yeah, I've looked around Lexington.
Any fixer upper that is appropriately priced as such is in a dogshit area of town.
There are fixer uppers in decent /nice parts of town, but they're priced like they're damn near new builds. All because of their location. Why the hell would I pay premium for a fixer upper?
I don't mind paying extra for a good location. Trustworthy/friendly/good neighbors and crime free area is absolutely worth it. But if Im going to pay what they want for a house that needs an overhaul in those areas here (and I'm sure it's the same elsewhere in America) why wouldn't I just go get a new build and be done with it?
I can do the work myself, and even then it's just financially idiotic with what they're asking for those kinds of houses.
Also, stop building either condos/apartments or McMansions for every new development. Boomers complain about younger generations not buying starter homes ......they aren't building any.
Your only option to buy a 3 bdrm 1 bath no garage 1500 sq ft home is to live in the hood these days. Decent white folks arent signing up for that bullshite.
Young folks will live in a starter home and have things fixed up. It's that it's so cost prohibitive for them to do it, and they have to live in trashy arse ghettos to do it. Losing equity notwithstanding, most just say frick it and rent an apartment or condo in a nicer area.
I'm 42, a plumber, and pretty handy with most other things. I need to downsize TBH. Bought my current house (2700 sq ft) in 2015. My and my fiance split in 2020 and I've been living here by myself ever since. It's kind of dumb TBH. I don't have kids. It's just me.
So yeah, I've looked around Lexington.
Any fixer upper that is appropriately priced as such is in a dogshit area of town.
There are fixer uppers in decent /nice parts of town, but they're priced like they're damn near new builds. All because of their location. Why the hell would I pay premium for a fixer upper?
I don't mind paying extra for a good location. Trustworthy/friendly/good neighbors and crime free area is absolutely worth it. But if Im going to pay what they want for a house that needs an overhaul in those areas here (and I'm sure it's the same elsewhere in America) why wouldn't I just go get a new build and be done with it?
I can do the work myself, and even then it's just financially idiotic with what they're asking for those kinds of houses.
Also, stop building either condos/apartments or McMansions for every new development. Boomers complain about younger generations not buying starter homes ......they aren't building any.
Your only option to buy a 3 bdrm 1 bath no garage 1500 sq ft home is to live in the hood these days. Decent white folks arent signing up for that bullshite.
Young folks will live in a starter home and have things fixed up. It's that it's so cost prohibitive for them to do it, and they have to live in trashy arse ghettos to do it. Losing equity notwithstanding, most just say frick it and rent an apartment or condo in a nicer area.
This post was edited on 7/18/26 at 9:06 am
Posted on 7/18/26 at 9:20 am to UKWildcats
When we were looking 20 years ago, we wanted a 50s, 60s, 70s ranch as a starter home. They costed more than brand new homes in our area. It’s like people had their parents pass away and wanted a premium for the house. We finally found a foreclosed home in a nice neighborhood that some red dot Indians tried to fix themselves before evading taxes and just bought and fixed that one up for half the price
Posted on 7/18/26 at 9:31 am to sidewalkside
quote:
Head line should read...contractors have made it too cost prohibitive for people to buy and renovate an old home.
What? You don’t have to pay the contractors. You can do the work yourself.
Posted on 7/18/26 at 9:34 am to Chingon Ag
quote:
You are either very well-read or a fan of Weezer.
Well…it’s an adjective not a noun. But in today’s world I guess you can repurpose any word.
Posted on 7/18/26 at 9:38 am to JohnnyKilroy
quote:
number 1 thing we wanted was a gas stove, with a vent to the outside.
When you say “a vent to the outside” are you talking about the vent in the hood above the stove? If so, yeah, the ones that just circulate through a metal filter are almost useless. That said, we have a gas oven/stove in an island, and it only has one of those worthless ones that pop up from the counter. We use it a lot and never really have an issue with smoke.
Posted on 7/18/26 at 9:50 am to GeauxZone90
quote:
Fixer upper are money pits if you hire people to do everything.
Exactly.
Just doing weekend projects rehabbing properties a bit at a time changed my entire life financially.
Start with a small entry level house that is thoroughly inspected, do small projects and learn, build equity and flip.
Buy a mid level home, take on more projects, build more equity and flip.
You end up with a high end home and or vacation/investment properties that generate cash flow, but you have to start small and be willing to sweat.
But if you can’t even act as a general contractor for the work that has to be completed I can see it not being worth it to rehab vs build new.
Posted on 7/18/26 at 10:09 am to Paul Allen
Well he's right, vast majority want move-in-ready these days, with updated finishes, appliances, smart-home ready, etc. Doesn't matter if it's an entry-level home either, they basically want to buy something with as little work as possible and the promise they'll have to do as little continued maintenance too.
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