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)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>