Posted on 10/01/2015 10:09:06 AM PDT by Lorianne
A few years ago, houses were suddenly one of Wall Street’s hottest investment ideas. A number of funds popped up to snatch up residential real estate in the wake of the foreclosure crisis. Some of the funds were run by investors who had bet on a housing bust just a few years earlier. Others were run by some well known real estate investors, like Barry Sternlicht, who created the W hotels , and Tom Barrack, the California real estate developer who once owned Michael Jackson’s Neverland Ranch. Private equity giant Blackstone Group also got in on the action, ultimately spending more than $9 billion on 47,000 homes.
But now, there seems to be a reasonable chance that Wall Street’s housing bet may go bust.
(Excerpt) Read more at fortune.com ...
And I agree, home grown eggs might taste better and might be a bit better health wise. Outside of that, for most, it's not worth the trouble.
Btw, not all people in the U.S. live next door to "Amish country" where we can pay a bit more for tasty eggs. And we don't buy anything from Tyson.☺ Take care.
That remark resembles a few places here in SW Pennsylvania.
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