No, not because they are unnecessary middlemen who drive up prices…
No, not because they remove from the market fixers that would have otherwise possibly have made a FTHB of lesser means happy to have a home/project…
No, not because they use the lowest grade of supplies possible…
No, they’re terrible people because they suck the life out of homes with character.
An example: A nice 1940 bungalow with historic features/casement windows. Listed for $699k, sold for $850k cash. Now it’s back at $1.2M.
Here’s what it looked like before: https://imgur.com/a/VJXTMwC
Was it lovingly and carefully restored? No, it was turned into a sad open concept white box devoid of any character: https://imgur.com/a/TWgiOLz
The listing: https://www.redfin.com/CA/Los-Angeles/3754-Edgehill-Dr-90018/home/6880958
Bad flipper! Bad!