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US: Thoughts of real estate double dip deter investors

Posted on 16 August 2010

Paul DalesFrom Usatoday.com: Whether the housing market is in another free-fall or not, just the thought of a double dip is forcing real estate investors to re-think how and where they spend their money. And maybe even if they should spend it at all.

“The days of flipping real estate, commercial or otherwise are pretty much over,” says Tom Casey, a certified financial planner at Casey Thomas & Associates, who advises his clients on real estate. “There are very few hot markets for flipping with so many people unemployed and property values down. It’s really a time for renting property, not trying to sell it for a profit.”……………………………………Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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