User: Brian Ripley: U.S. Housing: US House Flipping

When it comes to flipping houses in the U.S. it is the very wealthy who excel at the gross margin. Total flipping activity (bought and sold in 6 months) is down by about 13% Y/Y but in the 2 to 5 million dollar price range, the flip count is up 350% Y/Y. The mid and low end price flippers are being forced into holding, folding or chasing prices down the slope. "Don't talk so much, old sport... Play!" The Great Gatsby F. Scott Fitzgerald MORE at www.chpc.biz