The Wealthy Are Hungry For Real Estate

Well, according to The Wall Street Journal and it very well may be true, who knows.  What I do know is that it is a positive headline and that is what is needed, consumer confidence. 

Listen, I know we all may have selective reading and if you read enough, which is very easy with the internet, you will find a headline that you want to see or back’s up your opinion.

“The survey, of 2,000 investors world-wide with investible assets of more than $800,000, showed that 75% of respondents felt residential real estate looks attractive from an investment perspective. Of course, that doesn’t mean they are buying: 60% said tight credit was preventing them from taking the plunge.”

http://blogs.wsj.com/developments/2009/12/03/wealthy-investors-renewed-hunger-for-real-estate/