A Salt Lake City home was purchased for $670,000 and listed for $1.6 million seven months later. Someone spray-painted 'go away greedy flippers' on the house, Becca Summers, a local broker, said.
. The two videos, posted on May 20 and 21, have gotten 2 million views combined and attracted thousands of comments.
"My overall take on it is: It's super sad for everyone involved. It's sad that someone thinks it's OK to damage someone's property. And it's also sad that this is causing issues for people," she said on TikTok. The typical Salt Lake City home value hit $635,962 in May, a 24.4% jump from the same month in 2021, when the typical value was $511,000,The graffitied house is in Sugar House, a neighborhood southeast of downtown Salt Lake City that the tourism board describes as"Summers said buyers in Sugar House tend to be millennials, high earners, and"hipsters" drawn to the area for its charming old homes and walkability.
But this flip is exceptional even for the area. Two other homes on the same block sold recently for $870,000 and $780,000. Surrounding homes are valued between $600,000 and $1 million, according to Zillow.
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