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Stop, Renovate, and Flip It

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Vanilla Ice's upcoming reality show, in which he renovates a house in Florida, isn't coming out of nowhere. Apparently, Ice has been in the developing/flipping game for years: "Basically, when I had a lot of money when I was younger, I said — like most rock stars who are young and dumb — let me go buy a bunch of houses. So I bought houses in L.A., in Laurel Canyon right next door to Michael J. Fox; on Star Island, next door to Don Johnson and Melanie Griffith; in Utah; and on Bleecker Street in New York City." He never used any of them, and ended up selling at a $300-400,000 profit. [NYT]