Spec Homes

Bigger house yields big profit …… (Palo Alto Daily Post)
A year after Belmont City Council was embroiled in a debate over whether to stop people from building “McMansions,” a developer nearly doubled the size of a house ….
The opponents said that allowing for larger homes would create McMansions. They also worried that too many homes would be flipped, where a developer buys a house, improves it and sells it.
De Melo is suspicious that the 1120 Ladera Way home was “flipped” since Capovilla sold it 2 1/2 years after he bought it.

Source: Daily Post, September 13, 2016.