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.

Read my DEC 2012 e-newsletter.