Still money to be made in real estate -- by confusing the wealthy
I live in Nashville, Tenn., where the slowdown of the real estate market doesn't feel as great as in other cities of comparable size. Sure, there are a few houses out there with ancient-looking FOR SALE signs in their front yards, but it's not as if my Realtor friends are tightening their belts.
Then, while driving around town, I saw a billboard for something called loansforthewealthy.com. The first couple of times I ignored it, assuming it was a protest site where one could electronically sign a petition voting against one of President Bush's proposed tax cuts. But today, the billboard sparked my curiosity. (I guess that's what billboards are meant to do.)