Comments on: Question: Is it Ethical For Mayor and City Manager to Flip Homes in City They Run? http://www.therealestatebloggers.com/2008/09/17/question-is-it-ethical-for-mayor-and-city-manager-to-flip-homes-in-city-they-run/ Real Estate Blog, Mortgage, and Development News Fri, 20 Nov 2009 23:48:48 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Brandon http://www.therealestatebloggers.com/2008/09/17/question-is-it-ethical-for-mayor-and-city-manager-to-flip-homes-in-city-they-run/comment-page-1/#comment-264630 Brandon Mon, 29 Sep 2008 20:00:46 +0000 http://www.therealestatebloggers.com/2008/09/17/question-is-it-ethical-for-mayor-and-city-manager-to-flip-homes-in-city-they-run/#comment-264630 Regardless of whether or not it's ethical, at least it shows they think their city is a good investment. Maybe the country's current financial crisis could have been avoided if CEOs of the financial firms had been required to invest their personal money in the equities and debt their companies were purchasing. Regardless of whether or not it’s ethical, at least it shows they think their city is a good investment. Maybe the country’s current financial crisis could have been avoided if CEOs of the financial firms had been required to invest their personal money in the equities and debt their companies were purchasing.

]]> By: Al http://www.therealestatebloggers.com/2008/09/17/question-is-it-ethical-for-mayor-and-city-manager-to-flip-homes-in-city-they-run/comment-page-1/#comment-259968 Al Thu, 18 Sep 2008 17:23:57 +0000 http://www.therealestatebloggers.com/2008/09/17/question-is-it-ethical-for-mayor-and-city-manager-to-flip-homes-in-city-they-run/#comment-259968 That is absolutely a conflict. Whether it is technically illegal or not is not the issue. It is the appearance that is the issue and should be avoided. That is absolutely a conflict. Whether it is technically illegal or not is not the issue. It is the appearance that is the issue and should be avoided.

]]> By: Doug Quance http://www.therealestatebloggers.com/2008/09/17/question-is-it-ethical-for-mayor-and-city-manager-to-flip-homes-in-city-they-run/comment-page-1/#comment-259583 Doug Quance Wed, 17 Sep 2008 19:42:37 +0000 http://www.therealestatebloggers.com/2008/09/17/question-is-it-ethical-for-mayor-and-city-manager-to-flip-homes-in-city-they-run/#comment-259583 Although I see the potential conflicts of interest, flipping seldom involves the kind of renovation that requires city approval. Paint, carpet, appliances, landscaping... these kind of things are done without permits. I do believe, however, that politically - this might be a dangerous thing for them to do. It might not be taken well by the voters, who will ultimately decide whether or not this was a good idea. Although I see the potential conflicts of interest, flipping seldom involves the kind of renovation that requires city approval. Paint, carpet, appliances, landscaping… these kind of things are done without permits.

I do believe, however, that politically – this might be a dangerous thing for them to do. It might not be taken well by the voters, who will ultimately decide whether or not this was a good idea.

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