house flippers are people who buy a worn out or crappy-ass house, fix it up and sell it for more than they paid for it.
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flipped: when you sell your house and it gets bought by a house flipper then sold again
dude: I gotta fix my house before I put it on the market
dude2: why?
dude: so that no stupid house flipper comes along and sells it for more!
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I just sold my house 2 weeks ago and now I see another for sale sign out front!! grrrrrrr! I got flipped!
A Shackteau is a humble, weather-beaten, structurally questionable shelter located in a spectacular or highly coveted place—Wales, Jackson Hole, Sun Valley, Crested Butte, coastal Maine, the Alps—where the building itself may be worth almost nothing, but the dirt, view, access, and mythology make it absurdly valuable.
In use:
Shackteâu - We thought it was an abandoned shed until the realtor called it a rare alpine Shackteâu with unobstructed views and listed it for $2 million.