June 8, 2005
Investing In The Bubble
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]
First Published: June 8, 2005 8:10 AM