Golly! The return on "flipping" construction-priced condos than selling them once the building is complete is becoming a joke. Say $10,000 down to buy a $200,000 condo, wait a year or two and the condo is now $240,000. Sell and that's an 300% return (using extreme leverage of course ) It's becoming a joke. I accidentally discovered this when I purchased a south Florida condo to use as a vacation home and once the building was complete about 1 year later, it was worth over $240,000. So I sold only to lose out on another 45% increase the next year. Now I know why Florida condos openings are filled with investors and sell out within days. It's free money. It can't go on forever but so what, some of these propertises are gorgeous and can rent for the mortgage payment with a slightly larger downpayment.