I was a boy who enjoyed fart humor, pizza, LEGO and rockets. Except for my age, nothing has changed. My parents were fans of Frank Lloyd Wright (FLW) and we visited a couple of his structures. The experiences and his unique designs made an imprint on me. As an adult, I've had the fortune to visit other FLW buildings and interesting examples of architecture. I appreciate modern design. Beautiful spaces that flow well and aren't wasteful light me up.
It pays less and less to buy and flip a home these days. From April through June, the typical home flipped by an investor resulted in a 25.1% return on investment, before expenses. That's the lowest profit margin for such transactions since 2008, according to an analysis by Attom, a real estate data company.
Home flipping exploded during the Pandemic Housing Boom, as surging home prices and low interest rates lured investors into the fix-and-flip market. But the 2022 interest-rate shock abruptly ended the frenzy and created the biggest home-flipping pullback since the 2007 bust. This home-flipping slump continues to drive out many newcomer flippers and force veteran operators to adjust to slimmer profits.
