Friday, April 20, 2007
After Spending Big to Strike It Rich, Some Speculators Coming Up Broke as Market Cools
Real Estate Leaves One Investor High and Dry
In Sacramento, Calif., not far from where prospectors sought quick riches in the gold rush more than a century ago, another speculative boom is going bust. This time, however, it's not the lure of precious metals — it's real estate. Story of how one US property speculator seems to be spectacularly crashing and burning.
Posted by donzy @ 03:38 PM (497 views)
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