Smart People Buying Real Estate

Posted on Tuesday, January 25th, 2011 at 11:01am.

Smart People Buying Real Estate

A prominent hedge-fund manager said in a speech last fall:  "If you don't own a home, buy one.  If you own a home, buy another one, and if you own two homes, buy a third and lend your relatives the money to buy a home."  He believes that interest rates and home prices will rise this year, so real estate bargains won't last much longer.

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