Chasing deals
Posted by Mark Washburn on Sunday, October 16, 2005 at 10:41 PM
By Mark Washburn / October 16, 2005
Comment
Investors searching afar to find next deal
With home prices skyrocketing, many investors are having to move to new less expensive markets to find new investment opportunities.
Having been an active participant in the dotcom run-up and subsequent collapse, I cringe when reading about investors that are highly-leveraged and borrowing as much as possible for the next investment. Yes, placing a bet on a property in a rapidly appreciating market is in and of itself a gamble, utilizing an aggressive financing instrument just further ratchets up the stakes.
Many chasing housing deals for investment [Miami Herald]
With home prices skyrocketing, many investors are having to move to new less expensive markets to find new investment opportunities.Having been an active participant in the dotcom run-up and subsequent collapse, I cringe when reading about investors that are highly-leveraged and borrowing as much as possible for the next investment. Yes, placing a bet on a property in a rapidly appreciating market is in and of itself a gamble, utilizing an aggressive financing instrument just further ratchets up the stakes.
Many chasing housing deals for investment [Miami Herald]
Post a Comment