Thompson’s Realty agent extraordinaire Heather Barr is quoted in today’s Wall Street Journal in an article titled, “Bargain-Hunters Descend, Cash in Hand”.
The article is behind the WSJ’s subscription firewall. I’d reprint it here, but the WSJ wants $475 for a month for that privilege. (you can read the article in its entirety here if you are a online subscriber or on page C10 if you get the print edition)
We’ll exercise a little “Fair Use” and put Heather’s quote here (and hope the WSJ doesn’t sick a pack of rabid attorneys on me).
“Cash investors have come right out and said, ‘We can’t make a return on our money in stocks or bonds.’” says Heather Barr, a Realtor based in Gilbert, Ariz., a Phoenix suburb. “They think Phoenix has had such sharp price declines that we’ve got to be near the bottom and real estate will be a safe place to put their money.”
Heather rocks. . .
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