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Politics : Politics for Pros- moderated
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To: quehubo who wrote (232519)12/24/2007 12:46:03 PM
From: LindyBill  Read Replies (1) of 794400
 
20 somethings where talking about how much money they made flipping condos.

I can remember buying a book on "how to turn $$ into a zillion in RE" right after graduating from College and going to work for P&G in 1958. And buying my first house on a VA "no down, $95 moves you in" in 1960 while I was making $450 a month. And seeing people have to move out of that tract when the monthly payment went up from $99 to $101.

So it's really nothing new. Only the decimal point has changed.

I wonder how much of the condo flipping was influenced by the cable "flip this house" shows.
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