Sunday, July 23, 2006

Flippers in Trouble

For those of you who were either sleeping through the housing bubble busts of the past, too young to remember previous housing bubble busts, or just too brain-washed to believe that housing bubbles do bust, then check out this blog which documents housing flippers of today who are losing or have lost money.

4 Comments:

Blogger Derek Jensen said...

furthermore, the losses listed are total asset value loss. Equity value loss in % terms will of course be far far higher.

Jul 23, 2006, 4:34:00 PM  
Blogger marin_explorer said...

Equity value loss in % terms will of course be far far higher.

Not to mention those transaction fees.

Jul 23, 2006, 5:08:00 PM  
Anonymous Anonymous said...

"They call him Flipper, Flipper,
Caught in the gill net..."

Jul 24, 2006, 12:11:00 PM  
Anonymous Fog Man said...

That is an amazing blog.
So many homes!
How long for this to reset to normal?

Jul 25, 2006, 12:59:00 AM  

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