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Home Real Estate

How house flipping reduces affordability in NYC neighborhoods of color

December 7, 2024
in Real Estate
Reading Time: 261 mins read
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How house flipping reduces affordability in NYC neighborhoods of color
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On tv, home flipping looks like a benign means to enhance properties and lift comps. However in New York Metropolis, flipping is having a dangerous affect, in line with a brand new report that finds it severely reduces affordability in neighborhoods of coloration. Shoddy upgrades in a rapidly renovated property can even journey up unsuspecting patrons.

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Tags: affordabilitycolorflippingHouseneighborhoodsNYCreduces
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