Flipping in Boston

Lots of bloggers and others interested have been saying that once the speculation from flippers ends, then prices will finally start to come down for all residential real estate. From this article, it looks like flippers are having a hard time making any money in the Boston area.

The Jersey Shore probably has fewer flippers than extremely hot markets like Vegas or Miami, however, I think some areas of Monmouth and Ocean do have a healthy share of people looking to get rich flipping real estate. In particular, the town homes along Ocean Avenue in Long Branch (the ones stolen through eminent domain) look like they attracted more than a few speculators. I'm always checking those properties on the MLS and notice that there are a number for sale even though they are relatively brand new.

Has anyone else seen signs of flipping at the Shore?


"Get in, get out, get the next deal. That's the code of the ''flipper."

Flipping -- buying and quickly reselling houses -- has helped some investors make a killing in booming markets like Boston's western suburbs.

But with concerns rising about a slowing housing market, has the world flipped on flippers? Some analysts and brokers think so.

Short-term investors can't expect the same quick, lucrative turnarounds for the same generic houses anymore, said Miceal Chamberlain, a Newton real estate agent."


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