Americans are flipping houses like it's 2006

New York

A TACTIC that helped define the height of homebuying madness in the US in the years before the market collapsed is rearing its head again.

Home flippers, who buy homes as a speculative bet on short-term price appreciation, accounted for 6.1 per cent of US home sales in 2016, according to Trulia, which defines a flip as a p…