Appraiser John Philip Mason writes in:
I can’t help but wonder if the stock market will do better if the real estate market cools off.
It’s easy to understand why people are investing greater sums of money in a real estate market with double digit returns, while the DJIA and other indexes have been pretty flat for the past few years. Especially when you consider that most securities can only be purchased with up to a 50% margin (if at all), but some real estate deals are being financed at up to 100%.
Tags: John Mason