Common Sense: How to Play Real Estate Now - Why it's time to sell REITs and, buy the home builders

摘要

So the real estate boom is finally over. 1 say good riddance. What will we ail find to talk about? I for one was getting tired of those self-congratulatory anecdotes about soaring prices in Las Vegas, Miami, Beverly Hills, the Hamptons and ... you fill in the blank. By contrast, no one wants to hear about my neighbor's house in upstate New York. It found a buyer at USD595,000 in April, only to sell for USD400,000 two months later after the first deal fell through.