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To: Lorianne

People “flipping properties” (running up the prices) and foreign investment in residential housing.

People are overpaying.


43 posted on 08/29/2014 11:42:29 PM PDT by a fool in paradise (ISIS has started up a slave trade in Iraq. Mission accomplshed, Barack, Mission accomplished.)
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To: a fool in paradise

“Flipping” in my neighborhood means a developer buys a distressed, run down home. Pours a couple of hundred thousand in and sells it again in a few weeks for a profit.

It improves the neighborhood by fixing blighted homes.


47 posted on 08/29/2014 11:55:30 PM PDT by BunnySlippers (I LOVE BULL MARKETS . . .)
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