Housing Downturn Turns Up Deals For Baby Boomers And Retirees
Posted November 27, 2007
Some real-estate investors are looking to profit from the housing market’s downturn. Individuals and investment groups are searching for fire-sale prices on properties with good long-term prospects and will rent or resell the units when the market appears to be recovering. Call them grave dancers, vulture funds, turnaround specialists or the more euphemistic ‘opportunity investors.’ However you identify them, the deal is the same: When hyperactive real-estate markets lose their sizzle, or property owners no longer can afford to hang on to their houses, well-capitalized investors smell blood and move in.
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