'House flipping' said to cheat minorities ALBANY, N.Y. -- A four-bedroom, 1-bath colonial for only a \$450 monthly mortgage payment? How can you go wrong? Lots of ways. Fair housing advocates say the first-time buyer of that \$85,000 Syracuse, N.Y., home lost out in one of the many forms of  quot;house flipping, quot; or the fast resale of property at high profits.