“House flipping to me is, buying a place, putting an Ikea kitchen and bathroom in, and selling it at a ridiculous profit,” Richards told me. “This isn’t house flipping. This is improving the housing stock.”https://www.sfexaminer.com/news-columnists/planning-commissioner-faces-potential-consequences-after-public-dispute-with-dbi/ …
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Doesn't sound like speculation to me.
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Said every developer ever?
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“With the amount of money I put into it I would be dead before I saw a profit,” he said. “Joe, come on, I need to get my money back. We need to get our money back.”