The Home Flipping Bubble Implodes (Again)

Home flipping – buying a home and reselling it within 12 months, hopefully for a profit – is the American entrepreneur’s reaction to the vagaries of the housing market. When these gutsy people perceive a big profit opportunity, such as soaring home prices, they pile into the market, and profit grows on trimmed trees and freshly painted walls and rehabbed bathrooms, and flipping volume soars, and the time it takes to complete a flip drops, and nothing can go wrong. Then something goes wrong.

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