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Ruth Ann Manison

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Prince Properties, LLC

Ruth Ann on Real Estate

I hope you enjoy my thoughts on real estate, market statistics, how-to's, and pieces I find interesting on buying, selling, remodeling, new construction, investing, and saving your resources.

Thanks for taking the time to read my posts. Feedback is always welcome/encouraged. Feel free to ask questions. About me: My business is primarily residential real estate (helping buyers, sellers, landlords & tenants), and I generally work with referred clients. I love real estate because I learn something new every day and get to work with great people. I am blogging so I can share some of my insight and experiences with those of you who want to buy or sell. Enjoy!

Buy Land While It's Cheap - They Aren't Making Any More

June 26th, 2010

Hedge Fund Bets on Land
Hedge Fund Paulson & Co. is now betting that land is undervalued. It is bidding on 8,000 residential lots in Arizona, Colorado, and Nevada, owned by home builder Tousa Inc., which is in bankruptcy.

In other areas, builders are making similar wagers, snapping up property while it is cheap. They are in agreement that values will increase. It is only a question of when.

"The real risk is timing," says John Burns, an Irvine, Calif., home-building-industry consultant. "It's hard [for investors] to realistically estimate when they can sell and for how much."

Source: The Wall Street Journal, Lingling Wei and Robbie Whelan (06/23/2010)

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Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
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