Signs of the Times - and a question

[whell]

Originally Posted by finnbow

How about buying, renovating and flipping houses as your job (which is (or was) pretty common)? Buy something for $200K, put $50K into it and sell it for $350K six months later. Minus the realtor fees, taxes, etc., you still would have a very tidy profit. How does this differ from other forms of income?

That "occupation" was driven by an over-inflating housing market. Given the inflation in the market, there was an opportunity. In practice, it is income, but I doubt we'll see folks pursuing this in volume anytime soon.