Is Real Estate the New New Thing?
Anita Sharpe on Money
Or the next big bubble?
It seems like everyone I know who's passionate about making money is moving out of stocks and into investment real estate. I take that back -- even the people who say they aren't that focused on money seem to be doing this. One friend is flipping properties on the Gulf of Mexico, another is sizing up the market in Costa Rica, another is snapping up mountain property to develop second-home communities.
Do you suppose this is more fallout from the Enron era? Do people now not only want to understand what they buy, do they also need to see and feel it?
Or, after a few rough years, is everyone just ready for some time at the beach?