Posted by jim on February 25, 2002 at 14:39:31:
There are the good flippers and there are the bad flippers. The good flippers are the thieves in city hall and social organizations who employ professional grant writers to obtain millions in taxpayer dollars to fund their inflated contracts and throw them to their campaign contributors who just happen to be contractors. The bad flippers are private investors, builders, and developers who are able to complete projects and improve communities in half the time at one tenth the cost.
Technically this is not flipping, if the city is buying and clearing the land, but what do those real estate experts in city hall know?