Sen. Liz Warren (D-Mass.) is best known for her populist opposition to big banks on Wall Street, often critiquing their role in the 2008 housing crisis and the devastating spike in foreclosures it entailed. And in All Your Worth, a book Warren published in 2006, she says it is a myth that "you can make big money buying houses and flipping them quickly."
These two facts combined make it curious that, as National Review reports, Warren made $240,500 (before deducting unknown remodeling costs) in the mid-1990s by flipping five houses in Oklahoma. Several of the homes were foreclosures, and a lack of permits on file with local government suggests she did not make significant improvements in some of the houses before flipping them.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
The end of Weight WatchersTalking Point The diet brand has filed for bankruptcy in the US as it struggles to survive in era of weight-loss jabs
-
Trump vs. China: another tariff U-turn?Today's Big Question Washington and Beijing make huge tariff cuts, as both sides seek 'exit ramp' from escalating trade war
-
Syria's Druze sect: caught in the middle of Israeli tensionsThe Explainer Israel has used attacks on religious minority by forces loyal to Syria's new government to justify strikes across the border
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstancesSpeed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governorSpeed Read
-
Los Angeles city workers stage 1-day walkout over labor conditionsSpeed Read
-
Mega Millions jackpot climbs to an estimated $1.55 billionSpeed Read
-
Bangladesh dealing with worst dengue fever outbreak on recordSpeed Read
-
Glacial outburst flooding in Juneau destroys homesSpeed Read
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creatureSpeed Read
