Tuesday, March 9, 2010

Developers Embrace New 'Flip Tax'

BackflipApparently, developers feel they haven't been getting theirs. With new home development stalling, developers seem to think that the only way they can increase profitability is to build it into their work. Behold then, the latest financial scheme from the housing industry: a flip tax that gets paid to the developer every time the home gets sold.

Developers Embrace New 'Flip Tax'

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