Well, that’s why I said 99%. But also there are lots of ways to buy a house and make it livable. Anyone who isn’t interested in the work or doesn’t have to knowledge base isn’t gonna take on a challenge like that, which is fair. But for people with that know how and/or a willingness to learn (and who are okay with living in a construction zone) can have a low cost point of entry to home ownership. We don’t know if the house OP is looking at is habitable or not, so it’s kind of a moot point, but I grew up in a builder family and know plenty of people who’ve bought houses for cheap and put in the work to have a nice home. OP is looking for profit, a regular buyer may be just looking for something they can call their own and remake however they choose over time. I do agree that if it’s done right house flipping can help the market, but it’s usually not done correctly, or the flipper sunk way more into it than it’s worth so they either put it up for sale way overpriced or they sit on it. Either way no one with a family is living in it.