Real Estate Leaves One Investor High and Dry

In Sacramento, Calif., not far from where prospectors sought quick riches in the gold rush more than a century ago, another speculative boom is going bust. This time, however, it's not the lure of precious metals -- it's real estate. "The market was hot, and I decided to give it a shot," said Casey Serin, a modern-day speculator who hoped to strike it rich quick by buying homes, fixing them up and then flipping them for a profit. The Lure of Quick Cash Serin said he has always had an...Full Story
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