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[quote=Anonymous]The actual terminology is less important than feasibility to make much money fixing up houses and reselling them in the past. The real estate market operated quite differently in the past that made doing "flips" either impractical or the profit margins were so small. In the American real estate market of the 1950s-1980s real estate was fairly inexpensive, urban areas where all today's flips are were declining, not gentrifying, first ring suburbs were still newish. A couple of Thelma's generation would have bought an older property and retrofitted it into apartments or as a SFH rental property and rented it out. Not flipped it for the margins were rarely ever there, nor was the demand to buy a flipped single family property there. Rents was where the money came from. And many people still got burned.

The one possible exception I can think of is flipping houses in formerly white neighborhoods to African American buyers at huge markups, which did happen in Baltimore the 1950s/1960s, as well as in DC, but that opens up a whole can of worms involving ethics and I don't think Larla wants her fictional godmother to be thought of as someone who profited off racism ;)

Anyone with a solid understanding of the 1950s, 1960s or 1970s (especially if they'd lived through those decades) can easily see all the holes in Larla's depictions of the family backgrounds and how remarkably unique Thelma's circumstances were and the less likely she's a real person.

[quote=Anonymous]

Oh geez now you're going to argue over the term "flipped" versus "fixed up". House flipping has been a thing for a very long time even if it went be different names. Obviously someone posting from today's perspective would call buying a house in bad shape, fixing and selling higher "flipping" because that is the modern term for it. [/quote][/quote]

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