Saturday, October 20, 2007

Kenneth R. Harney - Vultures Are Circling Over Distressed Properties - washingtonpost.com
I guess the housing market must be turning into a vulture's dreamland.

Call them grave dancers, vulture funds, turnaround specialists or the more euphemistic "opportunity investors." However you identify them, the deal is the same: When hyperactive real estate markets lose their sizzle, or property owners no longer can afford to hang on to their houses, well-capitalized investors smell blood and move in.

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