Home 'flipping' takes on high stakes

  • Article by: KIM PALMER , Star Tribune
  • Updated: November 16, 2013 - 10:29 AM

Investors are buying higher-priced houses and undertaking costly makeovers to woo wealthy buyers.

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adamske20Nov. 15, 1311:50 PM

This space is REALLY ugly! It's going to take these house-flippers a LOT to fix it.

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oleoleoNov. 16, 13 7:04 AM

House flipping distorts the market. These flippers don't want a house to live in, rather just to take advantage a form of mob hysteria and take money from people who probably can't really afford it by convincing them that they won't be the ones to get burned when the music stops. Oh well a fool and his money....

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sundialNov. 16, 13 8:02 AM

This is flippin' nuts.

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begoldenNov. 16, 13 8:07 AM

Appears to be a lot of coveting going on in regard to the comments. Not surprising considering the state of our country today. Nice job on the remodel! It looks great!

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bogie246Nov. 16, 13 8:38 AM

Give them credit. They are taking a risk and trying to make a buck...and employing people and hopefully creating value. How can anyone be critical of that? I agree with begolden. Envy is very debilitating.

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georges2014Nov. 16, 13 8:43 AM

"flipping distorts the market"? I think not. When an investor buys a flip 50% below the market and then sells the flip at normal market prices all the home values in the vicinity increase as the house that was rehabbed will be used as a comp. If the foreclosed home was left in 1950's condition with no updates it would continue to depreciate the home values in the area.

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Diogenes9Nov. 16, 13 9:26 AM

The only people who distort the market and try to hoodwink buyers is the real estate "industry." They are the REAL leeches here. As was observed, the "flippers" create value and serve a need.

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martiankingNov. 16, 1310:00 AM

I hope the market tanks again. I need a realistically priced home for my wife and I to live in.

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naplessellNov. 16, 1310:51 AM

The kitchen & fireplace remodel was excellent - a designer's eye is priceless. Keep Flippin.

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ladyluck23Nov. 16, 1311:20 AM

Wow the kitchen is beautiful. Love all the light.

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