The Oil Drum | DrumBeat: August 7, 2006

317 comments on DrumBeat: August 7, 2006

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alan on August 7, 2006 - 12:01pm

Sure sign the housing bubble is bursting

Flip That House
Coming on Thursday, July 14, at 9:30 p.m.!
House flipping -- buying and renovating a house to sell for profit -- is currently the hottest trend spreading through the real estate industry. A "flip" occurs when an individual purchases a home, remodels the home in a short period of time (anywhere from 3 weeks to 4 months) and then re-sells the home for a profit.
Flip That House is a new series for Discovery Home that dives into this very craze. Each episode is a fun, fast half hour that will document the entire flipping process of one house.

http://home.discovery.com/tuneins/flipthathouse/flipthathouse.html

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JMG on August 7, 2006 - 12:48pm

A perspective on flipping:

Flipping real estate by John T. Reed

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fleam on August 7, 2006 - 3:27pm

John T. Reed is one of the few real RE gurus. Yeah, he uses that term too lol! His page is worth reading, every word, ever review, everything. His newsletter is pennies compared to buying a house, and probably well worth getting too - I read the sample copy and it's up to date on reality not RE agent propaganda.

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fallout on August 7, 2006 - 1:07pm

What's really funny is that show premiered last year.
My how things have changed since then in the housing market.

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317 comments on DrumBeat: August 7, 2006

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