Monday, December 05, 2005

More on speculation

Still think we're not seeing growing speculation in the real estate market? This year has seen a continuation of one of last year's most notable trends: The locals are selling. Local real estate owners are continuing to do some profit-taking by selling property to out-of-town outfits. What do the out-of-towners stand to gain? Typically, they're just better positioned to squeeze the last drops out of the margin than the locals are. Sounds like speculation from here.


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