Real Estate, Really?

The weird part of house hunting is the ability to see property turnover over a period of time. 

I've seen too many flips - a $20k house gets grey paint, painted kitchen cabinets, and new flooring, and goes back on the market at $90k. 

I have never seen a house sell for $1M only to go back on the market for $29k in our area.

 

 The entire thing was trashed. Possible flip? Sheer stupidity? Master plan, as other million dollar homes were bought around the same time?

It hasn't been taken down to stud. Every photograph looks like this. Trashed walls, broken objects cluttering the floor, torn plaster on ceilings (no water damage).

To make matters worse, the real estate market's bubble is about to burst. This once-beautiful property might be torn down.

I'll keep hunting for our new home at a humble price. I'll keep hoping that these homes, built between 1850 and 1930, won't be trashed by people that no longer have the funds to flip them.