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Article: The boomers are coming--and bringing their spending power.
- Article from:
- Real Estate Weekly
- Article date:
- April 7, 2004
- Author:
CopyrightCOPYRIGHT 2004 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The general consensus among financial advisors is that the economy is positioned for a positive turnaround. After several false starts, the economy seems well poised for a brighter future. The current stimulative policies are working their magic.
Consumer confidence is up, business inventories are low and corporations are geared to spend. Interest rates are at historic lows, tax cuts are everywhere, and we have built up a tolerance for "bad news." The major trend in the real estate industry is even better.
Investment dollars have been pouring into the real estate market which up until now, has been the only sector showing positive gains. Low interest ...