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
- Will You Explain the Plan to Adapt the Waterfront for Climate Change?
- Why Did the Rosewood Miramar Beach Install Gates?
- 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?
Recent Comments
Fun fact- TC Boyle owns that FLW house, or at least did. — Jimmy Jam
and you are assuming I am Tom Bolton, lol — Tom
And you are assuming that the person you are replying to is not Tom Bolton from Noozhawk, lol. — el_smurfo
BANANA- I love it and am stealing it hahahaha! Sooo appropriate! — Rob
When you have an anchor store at either end of a mall then everything in between is known as "inline." — jimbooo
Well said. — Hobie
The office building on the corner of Arrellaga and Anacapa. — ABSB
Atelier Sunhouse - went by to visit your shop. Walked around the building but couldn’t figure out how to get upstairs? I’ll keep trying… — Bo
Must go to Nate's on Marsh, best and most lively restaurant in town, especially on Martini Mondays. — HD
I absolutely agree! What a great way to revitalize State Street, hopefully this serves as a good example of mixed use spaces being beneficial. — Erik (not Torkells)