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]