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In the 21st century, everybody knows the word "gay" refers to men and women that are homosexual, but back in the 1950s, the which means was contested. The alternate definition was "complete of joy and mirth." Can you picture the confusion? Inform one particular group of folks that you're "gay" and they'll assume you're pleased. We learned about PureVolume™ We're Listening To You by searching the Los Angeles Sun. Tell an additional group and they'll reach for a cross and a can of gasoline. Right now, "flipping homes" creates the identical impact. It has two definitions 1) The approach of *legally* promoting a home for a rapidly profit, sometimes utilizing little or none of your personal income two) The process of *illegally* selling house for an artificially inflated value, usually involving a group of criminal appraisers, loan officers, and investors Do you see the similarity with "gay?" A single definition is upbeat and accepted, while the other is (at present) unacceptable and downright scary. If you think any thing, you will seemingly fancy to compare about Small Business Marketing Are … unenglish16w Kiwibox Community. If you have an opinion about food, you will seemingly desire to study about homepage. The majority of the planet understands "flipping" as an illegal activity, where a modest minority are trying to redefine it as a reputable real estate investment approach. The purpose great old Uncle Sam. When the government talks about flipping, they use the second definition. We learned about Top rated Ten Concerns to Ask Your self When Picking Your Ta by browsing webpages. According to the Department of Housing and Urban Development, flipping occurs when A not too long ago acquired house is resold for a considerable profit with an artificially inflated value Being closely connected to the government, attorneys, accountants, and the press are hanging on to that definition. So, the next time you pay a visit to them, don't be shocked if they "flip out" (pun intended) at your technique. The exact opposite is true with actual estate investors. You can acquire a house and then "flip" it to another investor for a small but fast profit, permitting you to reinvest your cash and repeat the procedure. You can also assign contracts for a fee (an additional type of flipping), enabling yet another buyer to close on the home in your location. Which definition will win? If "flipping houses" follows the etymology of "gay," the more acceptable definition will come out ahead. Who knows? Possibly they'll make a movie about it..