stiglitz on house prices in australia, page-25

"speculation is NOT PRODUCTIVE...

...and flipping is barely a bussines ... it's more like a property racquet (i have the money and ... if you want it, you better buy OFF me!...after i recalculate for 'my cut')...

...it should be illegal !"

Wow what a limited view. Now while I have absolutely no interest in flipping property - this same principle that you dislike so much could be applied to shares or any other trade able item after all it is messing with the market that supplies us with all the other things in life. So lets see lets make it that it is illegal to sell ANYTHING that you haven't owned at least for 3 years otherwise you will be considered to be flipping it and adding no real value.

So there you have it people all day traders and short term traders need to find new jobs because Nuts says it should be illegal because you add nothing.