I just had dinner with a major fund manager from Paris. He’s - TopicsExpress



          

I just had dinner with a major fund manager from Paris. He’s in Florida, buying up the lowest priced homes out of foreclosure. He says this game will be over by the end of this year because the supply of such bargain homes won’t last. He, like many Australians and Canadian real-estate investors, is using higher valued dollars to buy the cheap homes to rent them out at strong, positive cash flow returns. So he’s snatching up homes as quickly as he can. And he’s not alone. The smart money and countless hedge funds are doing the same, with the view that prices will rise as less inventory is available. They’re on to something…
Posted on: Wed, 09 Apr 2014 20:14:26 +0000

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