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Will Speculators Rescue The Housing Market?
Thank Sy, good article and interesting discussion.
A few things to keep in mind when reviewing the housing mess.
Cash is King
If you have it, you decide how to use it. If you don't, you get to talk about it.
Supply and Demand
It works on the way up and it works on the way down. In fact it ALWAYS works.
Bubble Mentality and Making Money
People don't ask many questions as long as there's one more buyer willing to pay more.
The Rules and The Market
There are always rules but they always change. Viewed from a high enough altitude it's a free market. The rules, official or otherwise, are just considerations.
Aug 11 09:25 AM
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