Why a businessman invested in land instead of homes during the bust

Printer-friendly version
October 01, 2014

Many real estate investors snapped up foreclosed homes to rent out or sell during the housing bust. But in a risky move, David Lichtenstein of New York firm Lightstone Group bought land instead, the Washington Post reports.
 
The high-risk proposition may start to pay off as builders position themselves to take advantage of the market’s slow recovery. Many are eager to buy the types of finished lots that Lichtenstein owns, especially since 60 percent of builders say the supply land is low, the NAHB found.
 
Read more

 

Comments on: "Why a businessman invested in land instead of homes during the bust"

July 2017

This Month in Professional Builder

Products
Features

Ashton Woods launched Starlight Homes to target entry-level home...

Overlay Init