Oyster Bay Real Estate Investor Runs Upstate Fish Farm

Concentrated wealth, only 3% taxpayers are costing real estate sector dearly

The employees work round-the-clock shifts — feeding the fish, tracking oxygen levels and checking the pumps. But Spielman doesn’t plan to raise fish for long — his goal is to liquidate his inventory by October and external link sell the property to another aquaculture company. “I’m not raising any more fish to sell,” he said. “I’m going to be basically disposing [of] and feeding the fish I inherited.” Local Ocean’s old pool of customers — grocery stores and restaurants — has been contacted, Spielman said.
For the original version including any supplementary images or video, visit http://www.newsday.com/business/oyster-bay-real-estate-investor-runs-upstate-fish-farm-1.6065026

Real estate investing requires a new way of thinking about your money

They think theyre too risky. Yet theyll run off and sink their entire lifes savings into a blue chip company not knowing a single thing about the organization because large American companies cant fail, right? There are good solid real estate investments all around you, and there are ways you can hedge your bets to protect your investment. Private or hard money lenders are often just people who have saved up a good chunk of money.
For the original version including any supplementary images or video, visit http://www.washingtonpost.com/blogs/where-we-live/post/real-estate-investing-requires-a-new-way-of-thinking-about-your-money/2013/03/26/d0c6f0c0-956f-11e2-ae32-9ef60436f5c1_blog.html

Michael Spielman, an Oyster Bay real estate investor,

The slower growth of real personal disposable income per capita over the last few years is a factor slowing demand. NSSO surveys indicate that India is witnessing jobless growth in the formal sector for the last 10 years. Given all this, the ability of the average Indian to afford real estate in our cities is already under serious threat.
For the original version including any supplementary images or video, visit http://economictimes.indiatimes.com/opinion/comments-analysis/concentrated-wealth-only-3-taxpayers-are-costing-real-estate-sector-dearly/articleshow/22613147.cms?prtpage=1

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