Sacramento Investor Betting On Real Estate
April 20, 2009 by admin
Filed under Positive Real Estate
Ethan Conrad, a Sacramento real estate investor, has spent millions in recent months buying vacant residential lots throughout the Central Valley, the epicenter of the housing meltdown.But timing the market is nearly impossible, and a business investor should jump in now if he or she can pull it off, said Sanjay Varshney, dean of the College of Business Administration at California State University, Sacramento.
He said waiting too long can be counterproductive. Once the recovery becomes obvious, prices for everything will have shot up.
“If this (economy) turns in late 2009 or early 2010, if you wait until 2010, it’s already too late,” Varshney said.
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