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Is this why I've been seeing signs advertising something like "learn how to flip houses like a PRO! Call 555-555-5555" popping up around my little suburban town
by RandomInteger4 7y ago
Is this why I've been seeing signs advertising something like "learn how to flip houses like a PRO! Call 555-555-5555" popping up around my little suburban town? Also bank managers hitting up my elderly relatives for home equity loans again.
It feels very much like we're in 2002-2005-ish again.
- klyrs 7y agoIndeed. Despite all of the objections to the "startup party is over" story, this and that combine to feel like another collapsing bubble.
- subpixel 7y agoI suspect that if you call the house flipping number someone will try to sell you a course or seminar, not loan you money.
- RandomInteger4 7y agoMy point was that I'm seeing signals that we're repeating history. Why do these home flipping courses pop up? You think they just come out of thin air? No. It means that there are market conditions that would allow an entrepreneur to sell their information. What do we know about the pre-crash market in association with these signals? We know that (1) these things sound like a get rich quick scheme and (2) that they legitimately were a get rich quick scheme, because they actually worked up until the crash where many people were left holding the bags (houses that could no longer be flipped given the post-crash market conditions).
- dang 7y agoPlease edit the nasty bits out of your comments here, even if someone else missed something you thought was obvious. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- RandomInteger4 7y agoDone. Apologies.
- dang 7y agoThanks!