...which is not a fish

Wednesday, June 6, 2007

Do as I say

At least in this case.

Apparently, the real estate market just isn't good enough for species 2759:

Others, like Nigel Swaby, a 36-year-old mortgage broker in Salt Lake City,
are reluctant stock investors. Fearing the prices on two investment
properties he owned in Salt Lake City could decline, he sold them in 2005
and invested the money in stocks.


Swaby wants to get back into real estate and has been hunting for homes
to buy, but feels prices are still too inflated. "There aren't a ton of
deals out there," he says. So his money sits in a high-yield savings
account, a diversified stock mutual fund and four stocks: Procter &
Gamble, Nortel Networks, Revlon and United Airlines. "I want a higher rate
of return than a savings account, and stocks are it, until the real estate
opportunity presents itself."

At least he's getting some press!

2 comments:

Akubi said...

Murst!

Aspeth said...

So much for all of the shit he's been spewing to his audience of 10 about how fucking resilient the market is, how everyone in SLC is going to ride their fucking appreciation to the top of the fucking Wasatch Range.

An aside...hasn't it been pointed out several times on EN that there are no property records in young swab's name? Funny that.