Today’s CRAINS posts an interesting article about a distressed debt fund shutting down as they see an end to the deals associated with really bad times….this runs parallel to what we are seeing in real estate: the REAL bargain days are officially over. With more bidders emerging on well priced quality units, the single low-ball-bidder is being out-priced. Now its back to good old fashioned value hunting. Always more difficult. Click on this link to read the full article…
http://www.crainsnewyork.com/article/20100215/FREE/100219941
You have reminded me of one of my favorite quotes: “Life is a series of collisions with the future; it is not the sum of what we have been, but what we yearn to be.”
Nice to find interesting and informative articles amongst the dross.
Yeah, too much dross out there, I agree.