MARCEL ARSENAULT IS A STUDENT OF economic cycles, parsing sine waves and prone to discussing land values in Europe after the black plague. So when he and Peter Wells, his partner in the real estate investment outfit Real Capital Solutions, saw mounting evidence of a housing bubble in 2005, they sold nearly their entire portfolio. Yet when the pair was asked to invest in a new condo project in Miami, a city with more than 20,000 unsold condos at the bottom of the bust, they jumped on it.
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机译:MARCEL ARSENAULT是一个经济周期的学生,解析正弦波,并且容易在黑死病之后讨论欧洲的土地价值。因此,当他和房地产投资公司Real Capital Solutions的合伙人彼得·威尔斯(Peter Wells)在2005年看到房地产泡沫的迹象越来越明显时,他们几乎卖掉了全部投资组合。然而,当这对夫妇被要求在迈阿密投资一个新的公寓项目时,这个城市的泡沫破灭,底部有20,000多个未售出的公寓,他们跳了起来。
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