Home-Flipping Millennials Are Losing Their Shirts Amid Regional Housing Slowdown

  • After piling in when the market was hot, investors are facing losses from homes that take too long to sell.

 

Inspired by home-flipping reality shows and a thriving culture of newfound 'experts' in late state bubbles, young real estate investors in the Bay Area and Seattle are getting hammered amid a slowing housing market combined with payments on high-interest "hard money" loans, according to Bloomberg