Big Money Bets on Housing Rebound
I read an interesting piece in the New York Times this month. Here's the gist: "As the foreclosure crisis grinds on, knowledgeable, cash-rich investors are doing something that still gives many ordinary Americans pause: they are leaping headlong into the housing market. And not just into tricky mortgage investments, collateralized this or securitized that, but actual houses." Read the full article here.