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« Tuesday « April 26, 2005
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Investors turning to homes
(SFGate.com)
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[I]nvestors are rushing into the housing market, pushing up prices and sales transactions, and setting up certain markets for potential falls if investors decide to move their dollars elsewhere...36 percent of all homes purchased last year were bought by people who already owned at least one house.B*astard! If you're currently in the market to buy a home -- in which to live, that is -- and you're finding the going tough, here's big part of the problem: good old-fashioned American greed.
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