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A Sad Tale From The U S Where Property Flippers Got Burned

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This little Gem from the L.A. Times should make for some heart warming reading on a Sunday here in the UK. Its a story of how some property developers are getting burned by thinking they can buy and sell for a quick profit in a turning market. How much longer will we have to endure property programs in the UK when stories like this one are starting to come out? Not much longer methinks:


They had a plan, then reality intruded
Four friends thought they could 'flip' a house, but cost overruns, bad timing got in the way.
By Kathy Price-Robinson, Special to The Times
April 23, 2006
A group of friends who set out to buy, fix up and "flip" a Palm Springs tract house haven't found the riches they were seeking.


Edited by Realistbear

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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