Tuesday, July 19, 2005

80% for investors

Mish's Global Economic Trend Analysis: Renovators' Nightmare.
These Johnny-Come-Latelies accumulating condos and houses sight unseen will soon be in for a rude awakening. Professional investors are for the most part gone but amateurs are still bidding up properties even with inventories of unsold homes skyrocketing in Boston, California, Las Vegas and other places.