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.


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 marine_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 Anonymous said...

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

Jul 25, 2006, 12:59:00 AM  

Post a Comment

<< Home

Terms of Use: The purpose of the Marin Real Estate Bubble weblog (located at URL and henceforth referred to as “MREB” or “this site”) is to present and discuss information relating to real estate and the real estate industry in general (locally, state-wide, nationally, and internationally) as it pertains to the thesis that recent real estate related activity is properly characterized as a “speculative mania” or a “bubble”. MREB is a non-profit, community site that depends on community participation and feedback. While MREB administrators do strive to confirm all information presented here and qualify all doubtful items, the information presented at MREB is neither definitive nor should it be construed as professional advice. All information published on MREB is provided “as is” without warranty of any kind and the administrators of this site shall not be liable for any direct or indirect damages arising out of use of this site. This site is moderated by MREB administrators and the MREB administrators reserve the right to edit, remove, or refuse postings that are off-topic, defamatory, libelous, offensive, or otherwise deemed inappropriate by MREB administrators. You should consult a finance professional before making any decisions based on information found on this site.

The contributors to this site may, from time to time, hold short (or long) positions in mentioned and related companies.