Tuesday, May 04, 2010
Funds looking to profit in obvious rebound in property prices have missed the boat; tears shed
Financial Times: Recovery Funds Miss Rally
"Funds that tried to capitalise on the property crash have been outmanoeuvred by the speed of the correction, with most “property recovery” funds attracting little interest from investors."
"Stuart Law of Assetz says 'there will be about five times as much in the next fundraise' as investors see the first acquisitions, while Joe McTaggart of Walls & Futures says: 'It’s a bit like a school disco. Nobody likes to be first on the dancefloor, but as soon as someone gets out there, it all goes crazy.'"
Or...it's a bit like a school disco. Everyone seems to be having more fun than you, so you rush in, only to realise you've pulled an absolute pig-dog.
Posted by notyethomeless @ 02:28 PM (174 views) Add Comment
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