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May 25, 2005
Vulture Capitalism: How to make money if the bubble pops

Yahoo has an interesting story about Vulture Capitalism in regards to the South Florida real estate market:

"Some investors are waiting for the real estate excesses in Florida to start imploding on itself and they're building up "vulture capital" funds to start picking off property on the cheap."

"He believes a market downturn beginning next year will leave some speculators unable to close, buyers in bankruptcy or foreclosure and developers out of business. That's when the vulture capitalists will swoop."

"Some of the greatest fortunes were made in down markets," he said. "A down market sorts out the really savvy from the naive. The savvy will understand what opportunities are out there and the naive will suffer the consequences."

It's a good time to start piggy bank. I predict in 18-months, the vultures will swoop in for a killing. When they do, I'll break open the bank and have a nice down payment for that (affordable) waterfront condo.

Read more Miami real estate news.

Source: Yahoo News

   
 
Posted by Gus on May 25, 2005 09:58 AM
 

Comments

Gus:

My name is Megan Grebitus and I am a research assistant at Details, a young men's magazine based in New York. I am currently looking into opportunity funds and vulture capitalism in terms of the real estate bubble. I need to talk to a man between the ages of 22-35 that is looking to invest (or invest with a group) in real estate when the bubble pops. If you are within this age group or know someone within the age group that is looking to invest once the prices fall- please email me as soon as you can. I am on a tight deadline and would like to get the interview by today or tomorrow morning at the latest. If you are serious about being interviewed on the topic, please leave me your phone number in the email and I will call you immediately or at the most convenient time for you.

Thank you for your help.

Sincerely,
Megan Grebitus

Megan.Grebitus@fairchildpub.com
Research Assistant
Details

Posted by: Megan Grebitus at June 13, 2005 11:54 AM
 
 
 
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