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Surreal Estate

From SFGate's Surreal Estate
The House-Flip Flop
"All of 24, Casey Serin bought 8 houses in 8 months to cash in on the real estate boom. All with no money down! Now, as the market's turned, the would-be house flipper is $2.2 mil in debt, facing multiple foreclosures and very scared."

I'm very happy that this guy is getting screwed by the downturn in the real estate. People like this guy make it difficult for other people to find a home they can afford.

Comments

rahaeli
Oct. 6th, 2006 08:00 pm (UTC)
housing_bubble has really interesting articles and analysis about the housing bubble nationwide. Some scary reading there. :)