I hate the term real estate. It's cold and business-y, everything that tends to make me hide under the bed. What I write about is space: homes, cafes, places where you can do work, pet the cat, and Google your next-door-neighbor from 10 years ago. I write about places. And I like to do it from a personal perspective.

Saturday, September 24, 2005

Flipping: Profitable but risky business

Sounds like buying and then quickly turning around houses, or flipping, could be a little less lucrative than it's been in the past. That doesn't mean people aren't still doing it -- there's plenty of speculators in Arizona, Nevada, parts of Texas, and elsewhere who are going into communities, buying homes, and then turning them around for sale in a month or even less time.

One wonders if this'll happen in New Orleans -- a place ripe for speculation in post-hurricane times.


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