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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Fri, 25 Mar 2005 09:44:17 +0000 /

Author of the message: sufaud

Title of the message:
NYT: Trading Places: Real Estate Instead of Dot-Coms

Text of the message:
The New York Times
March 25, 2005
Trading Places: Real Estate Instead of Dot-Coms
By MOTOKO RICH and DAVID LEONHARDT
Photo:
http://tinyurl.com/5kbv4
Caption:
Barbara P. Fernandez for The New York Times
Douglas Paul, 46, at his home near Fort Lauderdale, Fla. He now has three
other properties in South Florida and plans to sell one in June.
Real estate-crazed Americans have started behaving in ways that eerily
recall the stock market obsession of the late 1990's.
In Naples, Fla., some houses have been bought twice in a single day, an
early-21st-century version of day trading. Buying stocks on margin has
morphed into buying homes with no money down. The over-the-top parties of



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