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Author: Lokicious Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35363  
Subject: OT: Real Estate "Day-traders" Date: 2/28/2005 11:39 PM
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http://www.nytimes.com/2005/03/01/national/01spec.html?hp&ex=1109653200&en=84e1116a90540c06&ei=5094&partner=homepage

Interesting piece in the Times about folks flipping houses for a quick buck.

I had a funny conversation this afternoon with a guy bidding to paint my house come warm weather (your basic local painter/contracter who has been at it for 30 years). We were talking about whether to use a tougher, more expensive, paint that is supposed to last longer (theoretically guaranteed as long as we own the house). Until I made the point that we planned on living here indefinitely (or at least as long as I can shovel a heavy snow off the driveway, like I just finished doing) this painter assumed we would just want it done as cheaply as possible, because most people now just get their houses painted so they will look good for the market. We've been here almost 20 years, and half our neighborbood is still people who were here when we arrived—the usual reason for leaving is death or something worse than death. But you start getting out to the newer neighborhoods, generally preferred by the young and the restless, and even in the boring midwest, lots of home owners moving on up to the east side, west side, and all around the town (but not in it).
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