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Greg Kratz: House 'flipping' is not always bad

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econxx | 6:48 a.m. Oct. 28, 2009
It's amazing that people who would never go down and gamble away a few thousand dollars in Las Vegas were willing to BORROW and GAMBLE hundreds of thousands of dollars on the prospect that the might make a huge profit with little work.

There is a huge difference between people who buy homes with the reasonable expectation that they can repay the loan with their earnings or add value to the home and then sell it and those who took and gave loans where there was no reasonable expectation of repayment if the home prices stopped skyrocketing.
Kratz Konfused | 9:19 a.m. Oct. 28, 2009
Yes, flipping is always bad.

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