From Pine View Farm

Flip That House 0

The Sarasota, Florida, Herald-Tribune flips over the rocks and finds night creatures running for cover.

The year-long investigation found that more than 50,000 Florida properties flipped under suspicious circumstances from 2000 through 2008. Those flips artificially drove up housing prices and tax bills and contributed to the crush of foreclosures that has gutted the real estate market.

The fee hand of the market at work.

One more time, the flaw in the thinking of the idolaters of wealth is the belief that wealth means virtue and that the wealthy are therefore ipso facto virtuous.

Via Atrios.

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