Wednesday, June 08, 2005

A totally new paradigm

The Prudent Investor - seeing too many bubbles: Real Estate - Debt Funded by Debt
Eventually, most of the US labor force will be employed in one of a few types of work: real estate developer, building contractor, appraisers, real estate broker, and real estate agent. Their work will consist of the construction, financing (and re-financing), purchase, and sale of residential real estate. Day traders who now trade NASDAQ issues may be able to day trade residential real estate if sufficiently liquid markets and continuous price quotes are available.