Bravo's Flipping Out is a reality TV show that follows real estate speculator Jeff Lewis and his team as they buy, renovate, and then resell multi-million dollar homes.
Spending a little time focusing on these little details can make all the difference between buying a speculator pair of Fendi sunglasses and a mediocre one.
Lewis has worked in the Los Angeles area as a real estate speculator for ten years.
It produces an uncertainty with regard to rates which prevents stability of prices, and is apt to promote the interests of the unscrupulous speculator at the expense of those whose business methods are more conservative.
If the test of the settlement were not frequently applied, speculators who were unfortunate would be tempted to plunge deeper until finally some became insolvent for large sums. As it is, the speculator who has incurred losses beyond his means tends to be discovered before his creditors are heavily involved.