For investing in
Real Estate perhaps there is no better time than the next 18 months to be one with a huge cash flow during rock bottom real estate prices. In Parts I and II and specifically Part II we noted all the real estate holdings of Britney Spears, Paris Hilton and Nicole Richie. After careful in-depth digging of the public record it was amazing to find much more property than most people had believed.
After all, who would expect a young single gal to own so many pieces of real estate, while in the prime of their lives and a list of parties to attend, that is a mile long? Each gal of course owns a private residence, all of which are substantial. Britney Spears, who has a monthly income said to be about $700,000 per month, enjoys spending all of it, without saving, or does she? Owning real estate at the bottom of the market is in a way like money in the bank.
Paris Hilton's timely purchase of some prime Malibu Beachfront property, is not a bad call either. That neighborhood historically was the last to be hit during downturns in the real estate cycle and generally the first to recover. She may have bought very close to its lowest low - what would you expect from the daughter of a superstar business family with real estate holdings the world over.
