In your interest.
Online Personal Finance Magazine
No beating about the bush.
One sector that has been hit by the financial crisis and its own greed is realty. For the past few years, most realty companies were on a fund-raising spree – money was freely available through IPOs, private equity and short-term paper – that was entirely used to create land banks and invest in mega commercial and residential complexes. Simultaneously, they kept driving up realty prices to a...