Archive for November, 2007

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House prices slip in half of U.S. cities

Prices are down in 147 of 287 cities, government data-crunchers find. Plus, 10 housing experts offer insight on where the market is going.
A major government housing study today confirmed what has become more obvious by the day: House prices are sinking — and in some areas, sinking fast.
Home values in Ann Arbor, Mich., fell 5.7% […]

Hot Bargain Property Lead Details

A hedge fund manager has made hundreds of millions for his investors by betting against the mortgage industry. He can’t understand ‘why more people didn’t figure this out.’
One of the most important phone calls of hedge fund manager Mike Burry’s professional life came in the parking lot of his son’s eye doctor in mid-2005.
For months, […]

Why rent? To get richer

A contrarian’s view: Houses don’t appreciate any faster than the level of inflation over the long term, so forget about buying a home and put your savings into stocks.
I have something un-American to confess: I rent an apartment despite having enough money to buy a house. I plan to keep renting for as long as […]

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