I-Buying, is it done?

[Scott Wolf]

Just read this article in The RealDeal and wanted to get BP's thoughts.  It's funny that the article calls it a "race to the bottom" because I always thought, at this scale, a minor hiccup would catch these companies with their pants down.  It'll be interested to see the scale at which they restart, if at all.

While flipping (and investing) is inherently risky, I believe it can be done at scale to a level.  I think local knowledge is very important, and these companies didn't have this, only deep pockets.  Thoughts?