Hmm don’t think I said profit is wrong. I said owning an asset in limited supply with growing demand and then selling later is not particularly risky. I made no moral claim.

I’ve seen HGTV. I’m familiar with house flipping, I know that the markets are local. I don’t really need an economics lesson to understand that low interest rates spurred buying. Don’t kid yourself into thinking it takes a genius investor to buy something in low supply relative to demand and resell it for more.