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Updated: Land Speculators Awaken To Possibilities Presented by Market Reversals

Though Still a Contrarian Play, Investors Starting To Study Residential Land Prices
CoStar News
August 8, 2007 | 2:26 P.M.

With run away asset writedowns and land option contract cancellations by U.S. homebuilders still climbing, it would be a solidly contrarian view to start looking for buying opportunities. However, that is just what global property owner Brookfield Asset Management started talking about this week.

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