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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: John Vosilla who wrote (1951)9/28/2013 7:09:06 PM
From: Road Walker  Read Replies (1) of 2722
 
One of the hedge funds I know of buys lots of junkers low end in Hillsborough and Polk. They have like one third of the hundred or so homes purchased the past year sitting dark haven't started even the remodeling process as can't find good crews to work for them.

Sounds like the guys trying to hire my contractor/buddy. My guess, the investors are going to take a huge loss eventually, unless they have the patience to unwind slowly. And these are people who like to chase yield, day by day. Not known for patience.

What it does to the rest of the market is another question.
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