1. Private equity is aggressive asset flipping

You've certainly seen that real estate flip shows on TV when an extremely attractive couple buys a shabby house in a growing neighborhood. 

Over the course of an hour, you'll see them destroy a wall here, build a deck there, and deal with a few problems like bad weather or unplanned costs as the show comes to a close.

 A virtual tour of a stylish new residence with designer furniture and excellent landscaping is shown. The auction will then start. The property sells for a great profit, and the couple is now cash rich and looking for their next adventure.