Renters Gloat Over the Housing Slump : Weekend – Yahoo! Finance
Dean Baker, an economist, believes that the slump validates his decision to sell a two-bedroom condo in Washington’s Adams Morgan neighborhood two years ago. Mr. Baker says he received $450,000 for the unit, which he had bought for just $160,000 in 1997. Since unloading the condo, he and his wife, Helene Jorgensen, also an economist, have been renting an apartment nearby for about $2,300 a month.
These economists cashed in on the housing bubble but the seems like everyone is still saying “Now is the best time to buy”.
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