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 . . .)
To: BunnySlippers
“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.
If flipping involves "a couple of hundred thousand" you are in the wrong thread.
48 posted on
08/30/2014 2:37:48 AM PDT by
867V309
(Don't tread on me, bro)
To: BunnySlippers
If they are going to go through that much trouble in my city, they tear down the homes altogether and replace it with something in the $350,000 to $450,000 price range.
57 posted on
08/30/2014 7:38:18 AM PDT by
a fool in paradise
(ISIS has started up a slave trade in Iraq. Mission accomplshed, Barack, Mission accomplished.)
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