
“U.S. housing recoveries almost always have been ignited by rising demand from families and individuals looking for a place to live. This recovery is different. Investors—including some big Wall Street players—are leading the way, say industry executives and analysts. Their role is noteworthy given that flippers and speculators were blamed for helping to inflate the housing bubble of the past decade. Today’s investors are mostly buying with the intention of holding on to the homes and renting them out. Fear of buying homes when prices are dropping has been replaced by the fear of missing out on cheap homes.”
http://online.wsj.com/article/SB10001424127887324034804578346800317118568.html
Related posts:
Latest Sign of China’s Slowdown: A Technology Cash Crunch
New tax law driving expats to renounce U.S. citizenship
Eyewitnesses describe the terror of DWI checkpoint shooting
Costa Rica Probes Liberty Reserve Founder Marriage
A Black Box for Car Crashes
Kerry downplays new reports of NSA spying on allies
U.S. Keeps Nuclear First-Strike Option [2010]
Brexit: David Cameron to quit after UK voters choose to leave EU
Tech Companies Concede to NSA Surveillance Program
Greece passes more spending cuts, tax hikes after third EU bailout
Maryland 'rain tax' to be enforced through satellite surveillance?
Bitcoins Buy a $500,000 Villa in Bali
Okla. prison head gets new bullet-resistant SUV after botched execution
Jim Rogers: Buy Russia & China
Slovenia Liquidates, Backstops Two Banks to Stave Off Cyprus Fate