Thursday, October 27, 2005

5 risky real estate moves to avoid now

Overconfidence can be an investor's most deadly flaw. Yet many people are displaying plenty of overconfidence when it comes to real estate.They're sure home prices can only go up -- or that values will crash tomorrow. They're committing to risky loans and not thinking about how they're going to make the much-higher payments to come. They're gambling their current wealth on future, speculative returns without truly understanding the risks.

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