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In finance, flipping is purchasing an asset to quickly resell (or "flip") it for profit. Within the real estate industry, the term is used by investors to describe the process of buying, rehabilitating, and selling properties for profit. In 2017, 207,088 houses or condos were flipped in the US, an 11-year high. That number represents 5.9 percent of all…
Standards, In television & Illegal activity
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real estate property profit house flip also properties investors illegal gentrification bubble homes prices market increase value sometimes mortgage within
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Flipping | is a | speculative investment | 0.90 | text |
| Flipping | is a | fraud whereby recently acquired property is resold for a considerable profit with an artificially inflated value | 0.90 | text |
| Arizona | instance of | many native Californians were forced to migrate to the less expensive areas of states | 0.80 | text |
| Nevada | instance of | many native Californians were forced to migrate to the less expensive areas of states | 0.80 | text |
| Texas | instance of | many native Californians were forced to migrate to the less expensive areas of states | 0.80 | text |
| Oregon | instance of | many native Californians were forced to migrate to the less expensive areas of states | 0.80 | text |
| and Washington | instance of | many native Californians were forced to migrate to the less expensive areas of states | 0.80 | text |
| Phoenix | instance of | Areas | 0.80 | text |
| Arizona | instance of | Areas | 0.80 | text |
| Las Vegas Valley became much more expensive | instance of | Areas | 0.80 | text |
| although property prices dropped significantly after 2006.In 2020 | instance of | Areas | 0.80 | text |
| the emphasis on house flipping shifted to the Midwest | instance of | Areas | 0.80 | text |
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