27.05.2011 - Is real estate for suckers?

Are you a dope for buying a home in the U.S. right now? If you need and want one, there’s no harm in that. Yet if you think it’s an investment that will actually appreciate, you’re taking a sucker’s bet. During the bubble years, the “greater fool” theory prevailed. When you bought a home, you were confident that someone would buy it for a higher price than you paid. “Flippers” prospered from this mass psychology..............................................Full Article: Source

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