A hand flipping a house
Corporate home-flippers have borne huge losses over the last year.
  • Big home-buying companies like Opendoor lightly renovate and resell properties for profit.
  • These companies are akin to scalpers who buy then resell tickets for much more than they paid. 
  • Some of these firms, also called iBuyers, have shuttered; others are struggling in a down market.

In January, when Ticketmaster started selling tickets to Taylor Swift's upcoming Eras Tour, millions of would-be concertgoers were devastated to find out that tickets sold out in a presale open only to fans with special access codes.