Ah, I'll sure miss 'em. 22 year-olds with 14 houses, bartenders spouting about retiring by 30.
Note to flippers (and former day-traders): Get a job. Work hard. Contribute to society. And sorry about that Chapter 11 rule change.
Get in, get out, get the next deal. That's the code of the ''flipper. Flipping -- buying and quickly reselling homes -- has helped some investors make a killing over the past few years in markets such as the North Shore.
But with concerns rising about a slowing housing market, has the world flipped on flippers?
Some analysts and brokers think so. Short-term investors can't expect the same quick, lucrative turnarounds anymore, said Beverly realtor Pam Cote. There are many more properties on the market, and buyers are spending more time deciding, she said.
December 18, 2005
Posted by blogger at 12/18/2005