This new blog (thanks Marin blog for the link) tracks homes in Sacramento - what the flipper paid and what the desperate last sucker in is trying to get today
The smart flipper will take what he/she can get and get out in time to lick their wounds. The stupid flipper will hold out for the irrelevant price they paid, and go bankrupt in the end.
Too bad there's not a "sell" button or stop-loss orders on houses, eh?
July 24, 2006
Posted by blogger at 7/24/2006