Re-emergent house flippers are set to flop.
By Elliott Wave International
In 2005, a mania for residential real estate reached such a fever pitch that a series of cable television shows became entirely devoted to house "flipping."
Flipping involves buying a worse-for-wear house, making the minimum repairs necessary, then turning right around and selling it - ideally for a fast and
handsome profit.
Two years before the housing bust became painfully obvious to U.S. homeowners, EWI's publications warned subscribers that the housing market Continue reading "The Expected Housing Recovery Faces a Brick Wall"
