CLICK HERE FOR FULL ARTICLE

Bill Brame edited Star Trek films before he took up “house flipping.”

During the housing boom, Bill was often “turning around” 14 houses at once with three crews of renovators working full time.

In 2004, he paid $400,000 for a house in Hollywood, California. A year later he flipped it for $1.2 million.

Back then, flipping houses was the most profitable side-job in America. Buy a house, fit it with a new kitchen, sell it for a big mark-up, repeat.

In 2006, one in every 10 homes was bought to flip!

This Craziness Blew Up in 2008

The housing market melted down in 2008, and the average home lost over a quarter of its value.

Flippers went bankrupt when they got stuck owning rapidly depreciating homes no one wanted to buy. Many ordinary Americans, who never intended to speculate on housing, were financially devastated too.

Some lost hundreds of thousands of dollars. Others lost their jobs or their businesses.

This all shocked millions of folks who believed the lie that US housing was a slam-dunk, can’t-lose investment.

The housing crash was hands down the most financially disruptive event of the century. It scorched one thing into the minds of Americans: “I’ll NEVER get burned like that again.”

Housing is what I call a “hot stove” investment. It burned a whole generation of investors and they’ll be damned if they ever touch that stove again.

Which is too bad, because housing stocks are one of the best money-making opportunities out there today.

CLICK HERE FOR FULL ARTICLE