real estate investment: A HEALTHY ATTITUDE FOR A NEW AMERICAN REAL ESTATE SCENE
- 03/06/09 01:53 AM
I spent several hours recently reading blogs, magazine and newsprint articles written by some of the country’s top economists. I was trying to get a sense of where the U.S. economy is headed and gain some sort of insight as to when things might get back to “normal.” The reality is, what we had come to think of as normal really never was. The United States has been on a completely irresponsible fiscal joy ride (some would call it a demolition derby) for many years. Unbridled greed at all levels of the financial markets was unleashed by deregulation … (2 comments)
real estate investment: What Does Sam Have to Say?
- 02/25/09 06:31 AM
On more than one occasion I’ve mentioned Sam Zell, the real estate billionaire and organizer of the original real estate “vulture fund” (now known by the politically correct term “opportunity fund”) of the early ‘90s. When commercial property turned sour he was ready and armed with his $409 million fund (small by today’s standards) to buy out excellent properties for pennies on the dollar from troubled sellers, including the Resolution Trust Corporation. The RTC was a quasi-government corporation set up by Congress to take over troubled thrifts and dispose of properties foreclosed as a result of the S&L … (1 comments)
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