Sentences with phrase «estate speculators like»
The widows of the Vanderbilt tycoons who had built the New York Central Railroad sold their ponderous mansions on Fifth Avenue — urban châteaus that lined «Vanderbilt Alley» from 42nd Street to Central Park — to real estate speculators like Benjamin Winter and Frederick Brown.
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It is a fact that, numerous new real estate speculators neglect to view their vocation as a financial specialist in a business; rather they treat it like a hobby.
Tales like this have been fueling accounts in the media that housing prices are being artificially inflated by speculators who, with little interest in the single - digit returns they can obtain in the stock and bond markets, have trained their sights on real estate.