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Cornell Real Estate Review

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.

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