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Is anyone into it? Basically, it resembles house flipping in that you buy it, fix it up maybe, and then resell it for more. Anyway, some people make a living doing this. However, as with real estate, don't think it's always easy.
Most domain name registrars have similar features but with distinct advantages and disadvantages. I would look for the quality of customer support and transferability. There are some people who fail to renew their domain names in time or forget only to find their names have been sold and their...
In the thread above, I mentioned some extensions where 5 years could be gotten for around 5 USD. However, though, you can even go cheaper. All you have to do is register a .tk, .ml, .gq or .ga...