Some of you may recall various ‘flippers in trouble’ blogs during the US bust.
They were popular in California, Nevada and Miami.
These chronicled various sales or attempted sales of real estate that didn’t work out as a road to easy riches.
They were the Nelson laugh of the housing bear.
Well in case you missed it Vancouver now has it’s own version.
Vancouver Flippers in Trouble chronicles local sales or listing prices that work out as a loss. Here’s what they say on their ‘about’ page:
A website dedicated to following the bursting of the Vancouver Real Estate bubble by documenting real-life losses on properties purchased during the bubble.
Know of any flippers in trouble? Enter the details in the comment section or in the contact form below and we’ll try to feature them on an upcoming post.
It’s not just the flippers either, sometimes those have held for a while look to be trying to squeak out without too much of a loss.
If you’re looking for the antidote to ‘real estate always goes up’ you’ll find it there!