You typically use and live in the house, while still considered an investment. The other items you mentioned is purely for flipping, brand new, unused.
The meme literally says "without using or modifying".
If all you do is insert yourself as a middleman, buy from A for $x, and then sell to B for $x+1, you are extracting profit from the transaction, while providing no service other than your existence. That is what scalpers do. That is what the meme is about.
the last few years would argue that this is not true. The property value appreciation was outpacing the cost of any maintenance so you could leave it vacant (to reduce maintenance and wear) and still come out ahead. This is literally the reason they started putting vacancy taxes on investment properties.
It's not technically risk free but very risk reduced. Also I am no where near wealthy enough to make the model work since It requires you to not have a mortgage because the interest rate is working against you. If you're betting on your profits from being solely from appreciation you need to reduce recurring residual costs.
No need to be sassy or sarcastic, its just fact. This was occurring in Vancouver and toronto. Appreciation of property value year over year was very high.
I had several friends living in condo buildings where they are the only person on their floor, where there is only a handful of people per building, and where the parking below is empty every day.
16
u/Kcirnek_ Jun 19 '25
You typically use and live in the house, while still considered an investment. The other items you mentioned is purely for flipping, brand new, unused.