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Sound Off #2 (Industry Professional Response): The Institutionalization of Single Family Homes

Author
Rand, Gregory
Abstract
As the housing crisis has drawn considerable attention to the housing industry, “deals” are becoming more and more scarce, which is fine with me. The US housing market was never meant to be a speculator’s bonanza. It is actually a very predictable and stable asset class for creating cash flow and capital appreciation. All the attention paid to finding deals loses sight of the fact that at its core, US housing is an accumulation play, not a flip.
Journal/Series
Cornell Real Estate Review
Volume & Issue:
Vol. 12
Date Issued
2014-06-01Subject
Cornell; real estate; single family home; investment; home prices; local markets
Rights
Required Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.
Type
article