TikTok Real Estate Influencers and ‘Grifters’ Are in Deep Trouble, Short Seller Says
Philip Garboden, a professor of affordable housing at the University of Hawaii who has studied the rise of small real estate investors, said the effects of reckless lending on tenants is what makes amateur real estate so concerning.“If somebody wants to go and start a cupcake business … and they fail at that cupcake business, that was bad for them, but overall it doesn't hurt,” Garboden said. “Whereas if you invest in rental houses in Cleveland, and you fail at that, then that community has a boarded up vacant house, whatever tenants you had in there are living in deplorable conditions.”
The real estate grifters deserve every consequence coming to them.
Their tenants do not.
