Entrepreneurs from coast to coast are creating investment funds and ancillary businesses to capitalize on any downturns in the real estate market.

One such “opportunity fund” has a stated plan of acquiring “new and converted condominium units purchased by speculators” and then holding them for “extended periods or shorter-term ownership followed by profitable resales.”  Short-term ownership followed by profitable re-sales? Good old irony in the making.

In the meantime, perhaps they should just load up on some Hedgelets.

· Cleaning up when housing bubble bursts [Chronicle]

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