14-Year-Old Real Estate Investor Buys Bank Repossessed Home

This heart-warming story caught my attention. Good news is scarce in real estate, today.

With the US sub-prime crisis in 2005 an unprecedented real estate tsunami signalled the start of a worldwide recession. It was a phenomena known as the United States Housing Bubble. Real estate markets everywhere went into free fall, a decline that may only now be bottoming out. Bank repossessed properties, or foreclosures, went through the roof and may still be on the increase.
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