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Some savvy investors are realizing that it's a good time to buy low and are looking into acquiring low-priced mortgages. After all, they can't all be bad.
Submitted: Aug 28, 2007
Views: 237
Comments: 2
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View Article: http://www.npr.org/templates/story/story.php?storyId=13992396
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Comments Received:
chopper05
(Unregistered)
and, some investors thought that the NASDAQ was a buy in 2000 when it fell from 5000 to 4000 - seven years later and it is still at 2500. The housing bubble has another year or two off deflation to go. I have a feeling it is better to be late to this party than too early.
Posted: Aug 28, 2007
Maybe, but as the article states some smart people will figure out how to make money from this most recent scare. All mortgages have gotten tagged, including safe ones. Those are good buys right now. If someone can separate the high quality mortgages from the low they will make a lot of money.
Posted: Aug 28, 2007