flipper's getting forked in Florida

[Warpy]

8. Rent 'em out, charge snowbirds through the nose

and just wait a few years. If sinkholes don't get them, the pries will have risen.

Florida real estate is always boom and bust. I spotted the last bust 2 years before it happened. Spotted the boom 4 years later.

Mostly I look to be grateful I didn't move there.

ETA: These people aren't flippers, who buy good housing, hold it off the market, and then cash in during a boom. These people do the work of taking on wrecks, updating everything, doing often expensive repairs, and making it look like new. They earn every bit of profit they gety.

Flippers suck. Rehabbers are great.