House Flipping Threatens NYC's Affordable Neighborhoods (Curbed)

House flipping helps to exacerbate gentrification in New York City’s most affordable neighborhoods. In fact, flipped houses in NYC are three times more likely to be in foreclosure at the time of purchase, often due to deceptive solicitations of homeowners from investors. This further deprives non-professional buyers from the opportunity to bid on homes as these houses do not have a chance to make it on the public market.

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