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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (16685)	7/19/2004 9:38:20 AM
From: bozwood	Read Replies (2) \| Respond to of 110194

A personal anecdote: A couple of my uncles got together and wrote a purchase contract on a condo in FL. They were able to flip the contract by putting an add in the paper and make in the low six figures. Crazy.

To: Crimson Ghost who wrote (16685)	7/19/2004 11:14:05 AM
From: TheStockFairy	Respond to of 110194

Aw you are being too negative! Housing prices are going to continue to grow forever! (disclosure, had to purchase this weekend because I have a baby due in a month and my other place was way too small) :(

To: Crimson Ghost who wrote (16685)	7/19/2004 2:00:30 PM
From: Jon Tara	Read Replies (1) \| Respond to of 110194

I suspect that MOST home sales in the San Diego area recently have been due to "flipping". There are for-sale signs everywhere on just-built condos. In many cases, the owners never move in. The builders try to impose a 1-year restriction, but there are ways around it.

To: Crimson Ghost who wrote (16685)	7/20/2004 6:18:45 AM
From: MoneyPenny	Read Replies (2) \| Respond to of 110194

not sure what part of Florida you live in, but flipping is a way of life and a huge portion of the high rise construction in SW Florida (Fort Myers and south to Marco). One building I am personally involved with (not investment wise) is now basically sold-out preconstruction. I have yet to hear of anyone actually planning to live in this highrise. Totally flippers. Message 20059996 Message 20019616 I think some of the WCI towers on the east coast are in the same position. I'll soon find out as I'll be over there in two weeks to vacation and make proposals (interior design). Money Penny