[Porsche-O-Phile]

And you wonder why nobody wants to live in the Carolinas with an attitude like that. Sheesh.

Most of the Californians I meet still have all their teeth and actually value the fact they made it through high school. More than I can say about a lot of them Carolina boys. And yes, I've been through there a few times. Some folks are nice, a disproportionate number are downright scary. FWIW the Carolinas do have some beautiful scenery and nice land, but the downside is it's on the east coast, there are MANY bass-ackwards areas and the desirability of living there can't hold a candle to the Pacific coast.

As for flipping - it's kind of sad that it works, but if it makes someone money, I guess more power to 'em. It's an endeavour that is akin to gambling - it takes more luck than skill and the downside is it is REALLY screwing up the market for everyone else. Whatever. If/when I buy a property it'll be to actually live in, not participate in this silly "paper profit" game. I can't say I have a lot of respect for someone that makes a lot of money flipping houses - just like I don't have a lot of respect for someone who made their fortune on a lottery ticket or an inheritance from a dead uncle. I'm happy for 'em, but I don't respect 'em. They haven't worked for it, IMO.

Yes, I'm sure there are some people that make money on it but there were a lot of people that made money in the dot-com bubble of the late 1990s. Where are they now?

History repeats. Knowing when to get/stay out is half the game.