I see where you're coming from, and that you are actually adding value to the transaction. What I had in mind relates more to what I have heard about first hand and read. For instance, I know of one couple where the husband is a loan clerk at a local bank branch. Not the most high paying job, and that's in South Carolina. The husband has been buying homes exclusively to put them back on the market as soon as he can. This is not a wealthy person. He's a run of the mill middle class bank clerk.
I read in the NYTimes about a year and a half ago about houses in Florida being sold then flipped and then re-flipped to other flippers, with the prices going higher and higher and higher, just like when internet stocks were routinely selling for $600 per share. It's a bubble.
Similar to the dot com bubble where cable shows popped up about buying and selling stock, there are cable television shows about buying and selling homes for building up personal fortunes. Is it time to worry when a buying/selling trend hits cable TV?
Take for example, "Flip this Home", a show on the A&E Cable Channel. According to this news report [msnbc.msn.com]:
That's a case where the cable TV flipper cheerleader was faking it. Oh man...
And then you have big name brands like The Discovery Channel producing shows called, Flip That House [tlc.discovery.com] too. It is exactly like in the Dot Com Bubble days. While the shows demonstrate people renovating homes, I don't believe home renovation/flipping has been behind the steep rise in home prices seen across the country.