Condoflip.com becomes CondoFLOP.com

A tip of the cap to reader Dan Maza who updates us that CondoFlip.com — a web site that was designed to serve as an exchange where buyers of pre-construction condos could find secondary buyers to whom they could flip the property (in an “orderly fashion”) and a site that I mentioned in this blog in 2005 — joined the Pets.com Sock Puppet in the great Internet burial ground. Actually, if type in the condoflip.com URL, you are forwarded to a sister site, the Condo Super Store, where buyers can, y’know, INVEST in a condo, not speculate…). The developer of the site, Mark Zilbert, scoffed at the notion that condomania in Florida was a bubble, famously arguing that “bubbles are for bathtubs.”

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