A floops is the listing of a property that was recently purchased, but unlike a flip, the goal is less about making a profit than getting out as whole as possible. (The reason for the listing—change of heart, divorce, relocation, health issues…—is irrelevant.) The word was coined after an agent got testy with me about using the term flip for a listing that wasn’t going to make money, and a reader suggested we call it a floops.
Burning Questions
- How Long Will This Big Pipe Be at East Beach?
- Is Cabrillo Boulevard Going to Be Widened Under Highway 101?
- Was There a Fisherman Inn in Downtown Santa Barbara?
- What Are Those Old Buildings at the Corner of Castillo and Montecito Streets?
- When Will the Coast Village Road Medians Be Completed?
- What’s This Scaffold Structure on Las Positas Road?
- Why Does Street Striping Take So Long to Happen?
Recent Comments
It’s not vacant parcel: it’s a beautiful co-op organic farm, Farm Cart Organics, that feeds our community, and a farm school, Carpinteria Children’s Farm, and… — Sarah
Respectfully, there was never a version of development on this site that Carpinteria was going to welcome with open arms. That's the problem. Even if… — EM
My comment on your post here last June: https://www.sitelinesb.com/nearly-200-housing-units-proposed-for-the-carpinteria-bluffs/ “the developer is saying it’ll use the density bonus to accommodate the housing instead—and retain the… — SkyG
I’d definitely prefer a hotel with restaurant, farm, grounds, etc. than Orange County tract homes. — BW
For anyone curious, the "farm resort" initially proposed—and intensely resisted by Carpinteria residents—is described in this post: https://www.sitelinesb.com/99-room-farm-resort-proposed-for-the-carpinteria-bluffs/ — Erik Torkells
The state is going to force housing on communities that don't plan for it. Carpinteria can either shape what gets built here or wait for… — BrR
Genuinely curious what outcome you'd prefer. The land is privately owned and zoned for development. If not this, then what? Leaving it vacant forever isn't… — EM
The big black pipe has never bothered me. Maybe because I've loved the SB harbor since the first time I saw it, that was the… — Dan O.
Fully agree! I thought the hotel/farm/housing concept was a much better fit for that land. But when people oppose everything, something eventually gets crammed through. — SkyG
Hotel concept was better than this — JB