Trading Places: Real Estate Instead of Dot-Coms
by Joshua Dorkin on March 25, 2005
Real estate-crazed Americans have started behaving in ways that eerily recall the stock market obsession of the late 1990’s.
In Naples, Fla., some houses have been bought twice in a single day, an early-21st-century version of day trading. Buying stocks on margin has morphed into buying homes with no money down. . .
Read this story from the New York Times
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