not now anyway.
WSJ.com has an article touting the rebirth of luxury home flipping.
By SANETTE TANAKA
There is a new breed of quick-change artist on the real-estate front: luxury flippers who focus on high-end properties.
Popular before the housing bust, house flipping—where a property is bought, renovated and sold quickly to make a profit—is seeing a comeback nationwide. Rising prices and tight inventory are driving more investors to the upper end of the market. Flips of homes priced at $1 million or more shot up 35% in 2012 compared with 2011, according to market researcher RealtyTrac.
"Investors have actually run out of inventory on the low end of flips, and now they're moving to the higher end," says Daren Blomquist, vice president of RealtyTrac. The million-dollar homes are "the untapped market."
Read all about it; Luxury Real-Estate Flippers
then see previous post - make that 4 June contracts at $1.0m+)
see thefoothillsToday.com
to find your Catalina Foothills home
