Friday, November 27, 2009

For Athletes in Motion, Real Estate Can Be a Burden - NYTimes.com

LOCATION, LOCATION: Interesting evergreen article in today's NYT on professional athletes' real estate problems during our economic downturn -- essentially, they purchase nice homes, get traded (or leave via free agency) and no longer can re-sell at anywhere near the purchase price, making the most elegant solution to rent out their white elephants to other athletes now moving into those cities.

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