The more I stick my nose into the real estate industry, the more I wonder how people can operate within it completely oblivious economic indicators. And I'm not talking about real estate agents here, their job is to ignore economic indicators, or even better - don't understand them to begin with. You can't be accused of lying if you don't even know what you're talking about I'm talking about the people who've seen real estate as a honey pot, no matter the time, stuck their nose in and now resemble Winnie the Pooh - unable to get out until they slim down their price. Here's some good times ahead for a flipper in Launceston. Purchased back in March (of this year) for $175,000, this 3x2 has been touched up throughout. It came back onto the market 20 days ago for $329,000. Four days ago, the flipper, showing the impatience of a horny teenager with the new copy of Playboy stashed underneath his mattress (I just missed the boat on internet p@rn), dropped the a...