• 0 Posts
  • 4 Comments
Joined 4 months ago
cake
Cake day: March 13th, 2024

help-circle


  • I have a family member who got into mobile flipping. What they would do is target retirement communities. When a person died, my family member would put in an offer, generally no more than $10,000 to the family. Enough to cover the funeral.

    This person would then put about $10,000 into renovation (almost only ever cosmetic) and then turn around and sell it for $60k, not realizing that if he was selling 50 year old mobile homes for that Mich, everybody else in the area was doing the same.

    After 5 years, this family member was selling 40 year old mobile homes for $120,000 but purchasing them for $85,000, and eventually, he was making maybe $10,000 in profit for a 3 month process.

    Greed is good until it prices you out of the market you yourself created, but they never see their own actions as being the cause of any of this.


  • I am a member of a co-op. I strongly believe in the mission, however, it is not affordable for families. Maybe if we prioritized less speciality foods and had more members we could bring costs down, but it is truly a struggle in balancing supporting the community and staying open.

    My co-op tries to balance this by incentivizing donating to the local food banks, both in product and monetary donations, but it is a real struggle.

    All that being said, since the price fixing began, health food is no longer that much more expensive.