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Wednesday, 26 Adar I, 5784
  |  March 6, 2024

East NY Residents Push for Ban on House Flippers

Residents of Brooklyn's East New York neighborhood are pushing to ban house flippers from their neighborhood in an attempt to end investment deals leading to rising prices. Full Story

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"Opt-In"
March 3, 2020 11:37 am

“Opt-In” means nothing.

Resident
March 3, 2020 1:00 pm

We need this for East Flatbush … we are very close to losing the last frontier for Lubavitch families. Masada realty / elite etc are known flippers who are in all five boroughs… another point is the way ppl are biding crazy amounts how is East Flatbush going up to 900? Shimshon stock saw this happening ….

Finally
March 3, 2020 2:28 pm

These flippers and brokers that contribute to the rising prices and causing unaffordable living here should definitely be stopped

Shame

Socialism
March 3, 2020 4:55 pm

This is what Bernie Sanders and his ilk want. No free market. Only the government should decide who is allowed to do business. Why can’t a seller make their own determination if they want to sell their property and whom to sell it to? Do we really want/need the government to make all our decisions in life? Is this what we wish for? In this great country, each individual has their free choice IF and when to sell their homes. These socialists would love to change that. In the socialist world only Bernie Sanders and Vladimir Putin have multiple homes,… Read more »

Zoning laws are not socialism
Reply to  Socialism
March 3, 2020 6:20 pm

…many people prefer to live in neighborhoods that have specific rules and regulations, the average resident in Brooklyn cannot compete with money flow of investors flipping houses. consider the 30% of the average income in Brooklyn, then consider the average price of houses in different Brooklyn Neighborhoods and tell me how it makes any sense. We need a balance of Capitalism and common sense regulations or as Pirkei Avos “If not for fear of government, Man would swallow another alive.”

Tax
March 3, 2020 5:54 pm

Bernie wants to tax flips 25%

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