Saturday, August 06, 2005

Another Article From Fidelity

I'm surprised Fidelity and other money managers and Wall Street broker/dealers are not pushing the idea of a real estate bubble more forcefully. After all, Wall Street profits are dependent on people investing their cash in stocks and bonds and mutual funds but not real estate. Not too many Wall Street firms benefit when 401k accounts are cashed in to buy a duplex in Myrtle Beach.

[Enter the market at your own risk

Mark Nash, a real estate agent in Chicago and author of several books on real estate, including "1001 Tips for Buying and Selling a Home," has his ear to the ground and his eyes on the bigger picture as well. He says signs of a bubble definitely exist in certain isolated markets, such as South Florida, but not nationally. "There's a lot of speculation out there," Nash cautions. "If you're thinking of getting into an overheated market today, tread carefully. In some markets, I think it's past time to get in."]

Full Article


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