Different market different terms - your friend is a speculator. I also suspect he takes that property and makes impovements to make it attractive to a buyer. I suspect there are also properties he has to sell for a loss because the market didn't materialize (ie failed urban renewal). Say your friend buys a parcel of land because it's near the local "hip place" to live in hopes the hipsters expand to this zone soon. but rather than a hipster pad the city makes it the site of a new prison. suddenly his investment is unsellable. that is the risk in speculating. Similarly a toy dealer who was wise enough to buy star wars figs at 1.98 in 1977 and hoard them till later and sell for 300 he speculated and won. that same dealer may have forked over 5.99 for a POTF2 luke in 1995 that no one wants and has to donate it to a charity or throw out because the cost of storage is prohibitvie for the potential return.
Scalping only applies to items available from a retail venue, purchased to resell on a secondary market (while the item is available) resold. And the fact that many scalpers can still return said product to the purchasing store for a full refund within 90 days means they have no risk only reward
Scalping only applies to items available from a retail venue, purchased to resell on a secondary market (while the item is available) resold. And the fact that many scalpers can still return said product to the purchasing store for a full refund within 90 days means they have no risk only reward
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