Property Listing

Find Real Estate, Rentals, New Houses, Real Estate Agents and Mortgages on Yahoo! Real Estate Find Real Estate, Rentals, New Houses, Real Estate Agents and Mortgages Choose Location Home Homes for Sale Apartments for Rent Home Loans Moving & Insurance Tools My Real Estate Hurricane Katrina Resources Features Classifieds • Sell Your Home • Rent Your Apartment Home Loans • Mortgage Rates • Online Rate Quotes • Refinance Loans & Rates • Home Equity Loans & Rates • Free Credit Reports Resources • Find & Compare REALTORS • Find a Mover Insurance • Homeowner's Insurance • Renter's Insurance Tools • What's My Home Worth? • Research Neighborhoods • Free School Reports • Foreclosure Center • Home Service Center Commercial Real Estate • List Commercial Property National Mortgage Rates Thu Dec 29 Mtg Loan Rate APR 30-yr Fixed: 5.70% 5.88% 15-yr Fixed: 5.27% 5.57% 1-yr ARM: 4.53% 6.89% See Local Mortgage Rates Provided by Bankrate.com Neighborhood Profile Research neighborhoods nationwide! City, State, or Zip: Real Estate Listings Browse by City New! Home Loans Center - Find, Compare, & Graph Rates Find a Home Find a Rental City & State, or Zip: Price Range: $0 $30,000 $50,000 $80,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $650,000 $750,000 $850,000 $1 million $1.25 million $1.5 million $1.75 million $2 million $2.25 million $2.75 million $3 million $3.5 million $4 million $4.5 million $5 million $6 million $8 million $10 million to No limit $30,000 $50,000 $80,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $650,000 $750,000 $850,000 $1 million $1.25 million $1.5 million $1.75 million $2 million $2.25 million $2.75 million $3 million $3.5 million $4 million $4.5 million $5 million $6 million $8 million $10 million Beds: Any 1+ 2+ 3+ 4+ 5+ Baths: Any 1+ 1 1/2+ 2+ 3+ 4+ 5+ Search For: Existing Homes Yahoo! Classifieds New Homes Foreclosures Advanced Search Search Commercial Real Estate Mortgage Payments Calculate your biweekly & monthly payment for different loan amounts, interest rates and amortization terms. Loan Amount: $ Term (years): Interest Rate: % Show table?: Yes No See More Loan Calculators Sponsored Links Real Estate Agent License $59 online exam prep 1st time pass guarantee all 50 US states. Free teaching assistant. www.e-realestatelicense.com CA Real Estate License Course DRE approved real estate agent, broker and appraiser license courses. Study at home. Job assistance and payment plan available. www.educationengine.com Real Estate License - CA, VA, TX or WA CA, VA, TX or WA real estate license. DRE-approved online and traditional courses with a proven 98% state-exam pass rate. 110% money-back offer. Quick and easy packages. www.realestatelicense.com (Become a Sponsor) Partner Spotlight Featured Sponsor Find a Local REALTOR by HomeGain • Find & Compare REALTORS • Get Home Prices Featured Videos Dream Home Videos by Inman Stories Real Estate News Government requirements for disclosure fail to make the grade Dec 27, 2005, Inman News Top Mistakes of Home Buyers and Sellers in 2005 Dec 29, 2005, Realty Times Housing Affordability Hits 14-Year Low Dec 22, 2005, RealEstateJournal.com Home loan applications fall to over 3-1/2-yr low Dec 28, 2005, Yahoo! Finance Weekly Home Mortgage Rates (AP) Dec 28, 2005, Yahoo! News Despite Decline, Housing Still Strong Dec 28, 2005, Quicken Loans more real estate news Homes For Sale - Apartments For Rent - Current Mortgage Rates - Real Estate Agents - Local - Yellow Pages

rental property owners with

Vacation Rentals Express Vacation Home Rentals Lodging Condos Beach Pet Friendly Ski Golf Vacation Rentals Lodging Rental Homes, Condos, Villas, Cottages and Cabins Connecting premier vacation rental property owners with renters. Find Beach, Ski, Golf and Pet friendly vacation rentals worldwide. Vacation Rentals SEARCH Rentals Ebook LIST YOUR PROPERTY MY ACCOUNT WHY? A user friendly vacation rental and lodging site specializing in Premier Private Vacation Home Rentals Worldwide. Whether you are planning a Golf Vacation , Beach Vacation , or Ski Vacation , or just looking for Pet Friendly Vacation Rentals , Rentals Express can help. Locate Vacation Rental Homes Select Country Argentina Aruba Australia Austria Bahamas Barbados Bermuda Brazil Bulgaria Canada Cayman Islands Chile Costa Rica Croatia Cyprus Czech Republic Dominican Republic Egypt France Greece Hungary Iceland India Indonesia Ireland Israel Italy Jamaica Kenya Lithuania Macao Malaysia Mauritius Mexico Morocco Netherlands Antilles New Zealand Norway Peru Poland Portugal Puerto Rico Saint Kitts and Nevis Saint Lucia South Africa Spain Switzerland Tanzania Trinidad and Tobago Turkey United Arab Emirates United Kingdom United States Venezuela Virgin Islands, British Virgin Islands, U.S. Global Vacation Rentals Database ©2005 Vacation Rentals » United States Locate Vacation Rental Homes, Villas, Cabins, Cottages & Condos in: Alabama Alaska American Samoa Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Marshall Islands Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Northern Mariana Islands Ohio Oklahoma Oregon Palau Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming Vacation Rentals » International Worldwide Vacation Rental Homes and Lodging Destinations: Argentina Aruba Australia Austria Bahamas Barbados Bermuda Brazil Bulgaria Canada Cayman Islands Chile Costa Rica Croatia Cyprus Czech Republic Dominican Republic Egypt France Greece Hungary Iceland India Indonesia Ireland Israel Italy Jamaica Kenya Lithuania Macao Malaysia Mauritius Mexico Morocco Netherlands Antilles New Zealand Norway Peru Poland Portugal Puerto Rico Saint Kitts and Nevis Saint Lucia South Africa Spain Switzerland Tanzania Trinidad and Tobago Turkey United Arab Emirates United Kingdom Venezuela Virgin Islands, British Virgin Islands, U.S. Vacation Lodging / Rentals Search Select your Vacation Destination , Lodging Options and click the Search Rentals button. Country Select Country Argentina Aruba Australia Austria Bahamas Barbados Belize Bermuda Brazil Bulgaria Canada Cayman Islands Chile Costa Rica Croatia Cyprus Czech Republic Dominican Republic Egypt France Greece Hungary Iceland India Indonesia Ireland Israel Italy Jamaica Kenya Lithuania Macao Malaysia Mauritius Mexico Morocco Netherlands Antilles New Zealand Norway Peru Poland Portugal Puerto Rico Saint Kitts and Nevis Saint Lucia South Africa Spain Switzerland Tanzania Trinidad and Tobago Turkey Turkmenistan United Arab Emirates United Kingdom United States United States Minor Outlying Islands Uruguay Venezuela Virgin Islands, British Virgin Islands, U.S. City State Arrival Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 2005 2006 Departure Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 2005 2006 Search within above dates. # in Group " sleeps " Advanced >> Direct Property Access - ID#: Vacation Destinations Angel Fire , New Mexico | Myrtle Beach , South Carolina | Ligonier , Pennsylvania | Harrison , Idaho | Dauphin Island , Alabama | Martha's Vineyard , Massachusetts | Asheville , North Carolina | Ellijay , Georgia Maine Vacations Deer Isle , Bethel , Mount Desert Island , Greenville , Walpole , Acton , Sargentville , Surry , Old Orchard Beach , Saco Colorado Vacations Dillon , Breckenridge , Estes Park , Aspen , Colorado Springs , Denver , Beaver Creek , Durango , Frisco , Telluride Utah Vacations Deer Valley , The Canyons , Park City , Midway , Salt Lake City , Heber , Snowbird Hawaii Vacations Kailua-kona , Hilo , Captain Cook , Kihei, Maui , Maui , Keaau , Pahoa , Princeville , Kapoho , Kauai New Jersey Vacations Point Pleasant Beach , Ocean City , Wildwood Crest , Seaside Park Florida Vacations Key West , Captiva Island , Destin , Cape Coral , Sanibel Island , Panama City Beach , Orlando , Cudjoe Key, Key West , Daytona Beach , Anna Maria Island Michigan Vacations Ludington , South Haven , Oscoda , Lake Ann , Frankfort , Saugatuck , Pentwater , Glen Arbor , Manistee , Maple City Wisconsin Vacations Drummond , Baileys Harbor , Turtle Lake , Fish Creek , Green Lake , Wisconsin Dells , Eagle River , Park Falls , Lake Geneva , Washington Island California Vacations Carmel , Mammoth Mountain , South Lake Tahoe , Monterey , Sebastopol , San Francisco , Carlsbad , Santa Cruz , Hollywood, Los Angeles , Yosemite Arizona Vacations Tucson , Scottsdale , Sedona , Lake Havasu City , Mesa Lodging and Vacation Rentals | SEARCH Vacation Rentals | Advertise your Vacation Rental | MY Vacation Rentals | CONTACT | IN THE PRESS Florida Vacation Rentals | Colorado Vacation Rentals | California Vacation Rentals Hawaii Vacation Rentals | Utah Vacation Rentals | Arizona Vacation Rentals Maine Vacation Rentals | Oregon Vacation Rentals | Massachusetts Vacation Rentals North Carolina Vacation Rentals | South Carolina Vacation Rentals Resources 1 2 RentalsExpress.com ® is a Trademarks of Global Rental Database, Ltd. By using Rentals Express .com you agree to: Global Rental Database user agreement . All rights reserved.© 2005

Buy Home

New car prices, used car pricing, auto reviews by Edmunds car buying guide Welcome, Edmunds.com | Inside Line | My Edmunds Help | Directory Financing As Low As 5.39% APR Free Insurance Quote New Vehicle Spotlight The New 2006 Chevy Monte Carlo With an available 303-hp small block V8, this super sport is super fast. Sponsored by Chevrolet Edmunds.com provides True Market Value SM pricing, unbiased car reviews, ratings, and expert advice to help you get a fair deal. What is the True Market Value SM ? New Cars Prices, Reviews, Information Research a Car Get invoice & prices, specs, reviews & photos. SUVs Minivans Wagons Sedans Convertibles Luxury Trucks Coupes Hybrid Check Latest Incentives Free Price Quote Negotiate like a pro! Get multiple dealer quotes. Select a Make Select a Model ZIP: Used Cars Prices, Reviews, Inventory Buy a Used Car Find local cars for sale. Select a Make ZIP: Powered by AutoTrader.com Research Used Cars Sell Your Car Get your car in front of millions of online shoppers. ZIP: Powered by AutoTrader.com What's your car worth? EDMUNDS.COM RESEARCH CENTER What's new on Edmunds.com? Latest Road Tests More Vehicle Overviews More Top 10 Lists Top 10 Tips for Travelling With Dogs Top 10 Most Fuel-Efficient SUVs and Pickups for 2006 Top 10 Most Fuel-Efficient Cars for 2006 The Top 10 Gifts for Kids Top 10 Editors' Tips to Prevent a Car Accident More Editors' Most Wanted Check out our editors' favorite cars, trucks, SUVs and minivans. See the Entire List Consumers' Most Wanted Recent visitors to Edmunds.com cast their votes for the 2004 Consumers' Most Wanted Vehicle Awards. See the Entire List Used Car Best Bets The annual Used Car Best Bet Awards are based on the following criteria: reliability, safety, and availability. See the Entire List Lowest True Cost to Own SM Find out which new vehicles are the least expensive to own. See the Entire List 2006 New Car Buying Guides Sedans Trucks SUVs Coupes More Guides Consumer Reviews & Ratings Rate Your Vehicle 2005 Jeep Liberty 2005 Ford Freestyle 2005 Chevy Tahoe 2005 Toyota ECHO More Inside Line The enthusiast's Web site and community from Edmunds.com INSIDE LINE DAILY NEWS Detroit Preview, Part One Full Test: 2006 Lotus Elise 2006 Predictions: The Lunch We All Wish We Had an Invite To Full Test: 2007 Toyota FJ Cruiser 2006 Economy Sedan Comparison Test: Honda Civic vs. Mazda 3 Nissan Urge Concept ONLY ON EDMUNDS True Cost to Own SM How much will it cost in the long run? TCO SM discloses costs you didn't consider. Find Out Compare Cars Choose up to five cars to compare. Seating, horsepower, mileage, pricing and more. Find Out GM Red Tag — Good Deal? Are GM's Red Tag sales figures blurring in your vision? Check out the "Strategies for Smart Car Buyers" blog to find out where the real deals are. Find Out Top 10 Tips for Traveling With Dogs Does your dog love a good car ride? These Top 10 travel tips will make your road trip — or your Sunday drive — problem-free. Find Out " Best Car research on the Web, hands down " - Forbes. Edmunds.com was named " most useful Web site " according to every J.D. Power and Associates' New Autoshopper.com Study SM . THE PRESS BOX More Edmunds Press Releases Edmunds.com Offers Free Video Podcasts on Apples iTunes ® Music Store Edmunds.com announced that 21 of its automotive videos are now offered as free podcasts on Apples iTunes ® Music Store. The podcasts features road test reports on vehicles as diverse as the Lexus IS350, the Honda Civic Si, the Nissan Titan and the Porsche Boxster S. In addition, vehicle comparisons include the BMW 330i vs. the Audi A4 and the Mazda MX-5 vs. the Pontiac Solstice. Certified Pre-Owned Vehicles Thoroughly inspected, with a manufacturer warranty. Learn More Search Certified Listings Top Features Future Vehicles on Inside Line Spy Shots , Hot Videos , more . 2007 Saturn Aura , 2007 GMC Sierra , more... Edmunds.com Marketplace Finance Center Auto Loans as low as 5.39% APR Get problem credit or no credit financing Calculate your payments Get Your FREE Credit Report Insurance Center Get multiple quotes from leading providers Warranty Center Get a free quote for an extended warranty Get A Free CARFAX Record Check The Women's Car Guide Edmunds.com Member Forums Honda Odyssey vs Dodge/Chrysler minivans What will it take for consumers to buy American brands?? "Wouldn't Be Caught Dead Driving One" Mystery car pix.... GM - Will 2006 Styling save GM? Browse Discussions Select a Make Select a Model 1) {newurl = 'http://townhall-talk.edmunds.com/WebX?ed_displayMakeModelRelatedDiscussions@@.ef14c39!make=' + escape(this.form.make.options[this.form.make.selectedIndex].text) + '&model=' + escape(this.form.model.options[this.form.model.selectedIndex].text);} else {newurl = 'http://townhall-talk.edmunds.com/WebX?ed_displayMakeRelatedDiscussions@@.ef14c39!make=' + escape(this.form.make.options[this.form.make.selectedIndex].text);}location.href = newurl + '&tid=edmunds.t.townhall.browsebymake..0.*';" / The Fuel Economy Guide Edmunds.com Premium Services Edmunds.com Vehicle infoPak Save time by downloading all of Edmundss comprehensive model info in a printer-friendly format. Get infoPaks Success Stories I used Edmunds.com to buy my 2005 Subaru Forester . You got me the 2.5 X Forester for 21K out the door. — Anne S. More Success Stories Home | New Cars | Certified Cars | Used Cars | Car Reviews | Tips & Advice | Forums | Inside Line | My Edmunds About | Affiliates | Search | Directory | Help Edmunds.com is hiring! Employment Opportunities © 1995-2005 Edmunds.com, Inc. Privacy Statement | Visitor Agreement

Real Estate - Homes

EURED.COM, European Real Estate and Property Directory: Real estate links for listings, homes for sale, home loans, home buying Home - New Links - Hot Links - Top Rated Links - Editor Pick - User Control Panel Add URL - Update URL - Getting Rated - Members - Become an Editor Power Search Login Always remember me Have not registered yet? Register now! Hot Links CYPRUSREALTOR.com: Cyprus Property and Real Estate - Homes for Sale Hellenic Realty : real estate in Greece easyBG.com Properties Croatia Property Paphos Cyprus Villa Rentals WWW.DAOREAL.COM - Bulgarian Real Estate agent Property Abroad Bulgaria property for sale World Of Real Estate Euro Imobiliare - Real Estate Agency - Romania Zagreb Real Estate & Consulting ADIS Ltd. - The Real Estates Professionals, Bulgaria BULHOME - real estate agency Real Estate Hellas Ontario Real Estate Listings Our Sponsors Cyprus Holiday Villas Cyprus Property Online Cyprus hotels Cyprus Real Estate Directory Real Estate News Mailing List Subscribe Unsubscribe Tell a Friend Your Name Your Email Friend's Name Friend's Email DIRECTORY Africa (16) Africa Real Estate Egypt Kenya South Africa Asia (92) Asia Real Estate China Hong Kong India ... Australia (26) Australia Real Estate Australia Fiji New Zealand Europe (1072) Europe Real Estate Austria Belgium Bulgaria ... Global (44) World Real Estate North America (869) North America Real Estate Belize Canada Costa Rica ... South America (22) South America Real Estate Argentina Bolivia Brazil ... LATEST NEW AND UPDATED LISTING :-)Chao:: Vietnam real estate and expat services: Saigon, HCM, Hochiminh city and Hanoi. New Vietnam real estate and expat services. Houses, home, apartments, office, cars, factories, warehouses, industry park listing, land, properties, for rent, for lease, for hire and for sale in vietnam. Business consultancy, foreign investment law, law firms. Projects calling for investment. Hotels and resorts. Category: Asia Hanoi House Hunter - Vietnam Real Estate Agency New Specializes in helping the foreign community with Hanoi House Hunter Co.,Ltd Vietnam real estate rentalsincluding villas, apartments, houses and offices. Provides listings with photos. Category: Asia Pasadena Homes New Pasadena HUD homes, Free List Of HUD VA Bank Foreclosures Nationwide, Will Match You With a Lender and RealtorFind HUD, Pasadena HUD homes, Pasadena real estate, for sale, Nationwide HUD Directory, first time home buyers, VA Foreclosures, Pasadena real estate agents, Pasadena house values. Get access to listings, top Pasadena REALTORS, new homes and foreclosures. Our free real estate services feature all Pasadena Maryland cities suburbs. We also have information on first time home buyers, mortgages, insurance, credit cards, movers and other services for anyone looking to buy a home or sell a home Pasadena, MD or Nationwide Category: North America Charterhill Group New Our companies specialise in many areas of expertise. Accountancy, business mentoring and advisory. Along with Commerical, residential property development and leasing, and property advisory services. Category: Australia Second House Real Estate New Web dedicated to the real estate group Second House, located in Barcelona, Spain Category: Europe Spain Find Bulgaria Property New Real estate properties portal for Bulgaria offers foreigners useful information about Bulgaria, legal advice and Bulgarian property market. Hot offers and wide range from Bulgarian properties for sale houses and apartments Category: Europe Bulgaria BetaImobiliare - The Real Estate Agency New Website where you can search for hauses, villas, apartaments, comercial spaces and also land for sale or for rent on beautiful Romanian the Black Sea Coastline Category: Europe Romania Find a Real Estate Agent, Find Homes for Sale, Find Florida Realtors New OnlyTopAgents.com - The first and only national network of top performing real estate agents. The nations best real estate agents at your service. Category: North America Costa Rica Real Estate - Proyecto Urbano New The construction and real estate company in Costa Rica that offers services such as general contracting, construction management, design, construction and Real Estate Sales. Category: North America Costa Rica Bulgarian Properties - Coral Estates New Bulgarian property agents providing second homes and property investments for sale in Bulgaria, in regions such as Golden Sands, Sunny Beach, Nessebar, Varna and Bourgas. Category: Europe Bulgaria Buy US properties and earn 15% or more on you investment New We handle oversees investors Real Estate Investments on American Properties. If you are an Investor looking for a 15% return on investment contact us immediately, we have what your looking for. Category: Europe Russia Corporate Housing Washington DC New We are a fast, free locator service for finding corporate and temporary housing, furnished apartments in entire of United States. Category: North America United States Washington Correct-Properties - Varna, Bulgaria` New Real estate agency, Varna, Bulgaria; Purchasing; Selling; Legal service; Accountant service; Consulting; Furnishing; Rentals; Village property; Flat; Apartment; Houses; Villas Category: Europe Bulgaria SOUTHEASTestate - Real Estate Management New We are your reliable partner for acquisition of real estate and investment in Croatia, for new building and renovation as well as for maintenance and arrangements of your domicile. Our enterprise unites all real-estate relevant disciplines. We ensure that, during the entire phase of purchase or construction, even afterwards, you will have the same contact person for all questions arising about the purchase of your real estate in Croatia. We are working together with a lawyer office, so that our clients are secure in legal matters when purchasing real estate in Croatia and Istria.Searchable Property DataBase with long descriptions. Category: Europe Croatia Atlanta Georgia homes for sale, real estate, land, properties. Atlanta Georgia Homes. New Atlanta Georgia homes for sale, real estate, properties, suburban Atlanta GA Homes: Alpharetta, Roswell, Duluth, Cumming, Cobb, Sugarloaf, Dunwoody, Peachtree Corners, Norcross, Woodstock, Sugar Hill, Buford, Canton, South Forsyth. Atlanta new and resale homes. Category: North America United States Georgia Atlanta homes for sale, real estate, and Atlanta fine properties. Atlanta Georgia Homes - real estat New Atlanta homes for sale, homes in Atlanta, luxury real estate, properties, and real estate in Atlanta, Alpharetta, Cumming, Grayson, Buckhead, Brookhaven, Suwanee, Duluth, Forsyth, Marietta, Roswell, and Peachtree Corners. Category: North America United States Georgia Atlanta Golf homes for sale. Atlanta golf real estate - Golf communities. New Atlanta golf homes for sale. Search for Atlanta: golf communities, golf homes, country clubs, exclusive, gated, golf course lots, and listings. View MLS: homes, tours, luxury, golf, virtual, pictures, commercial, land, condos, and properties for sale. Category: North America United States Georgia Gwinnett Homes for sale: Gwinnett Georgia - real estate, luxury homes, properties, real estate agent New Gwinnett Homes for sale. Gwinnett Homes - new homes, buying, selling or listing your home for sale, or relocating, call us! Gwinnett real estate: Atlanta, Gwinnett, Sugar Hill, Buford, Dacula, Duluth, Peachtree Corners, Norcross, Lawrenceville, Snellville, Buford, Suwanee, Sugarloaf, Grayson, Hamilton Mills, Lake Lanier and Lilburn. Category: North America United States Georgia Home - New Links - Hot Links - Top Rated Links - Editor Pick - User Control Panel Add a Listing - Update a Listing - Getting Rated - Members - Become an Editor

Real Estate Prices

Why the world's best real estate investor is cashing out. - Oct. 24, 2005 Web CNN/Money Home News Markets Technology Commentary Personal Finance Autos Real Estate News Newsmakers SAVE | EMAIL | PRINT | SUBSCRIBE TO MONEY | The king of real estate's cashing out Tom Barrack is selling most of his U.S. portfolio. Maybe you should be nervous too. October 24, 2005: 7:56 AM EDT By Shawn Tully , Fortune Senior Writer NEW YORK (Fortune) - Tom Barrack, arguably the world's greatest real estate investor, is methodically selling off his U.S. real estate holdings as prices drive the market to nosebleed levels. He likens the current real estate market to a game of polo. "I feel totally safe playing polo on a field full of pros," says the bronzed 58-year old. "But when amateurs are all over the field, someone can get killed. They have more guts than brains. They charge after every ball and don't know when to hold back." It's the same with U.S. real estate right now. "There's too much money chasing too few good deals, with too much debt and too few brains." The amateurs are going to get trampled, he explains, taking seasoned horsemen, who should get off the turf, down with them. Says Barrack: "That's why I'm getting out." Investors take heed. Barrack may be an amateur at polo, but when it comes to judging markets, he's the ultimate pro. Arguably the best real estate investor on the planet, he runs a $25 billion portfolio of trophy assets, from the Raffles hotel chain in Asia to the Aga Khan's former resort in Sardinia to Resorts International, the largest private gaming company in the U.S. Barrack's Colony Capital, one of the largest private equity firms devoted solely to real estate, has racked up returns of 21 percent annually since 1990, handing investors, chiefly pension funds and college endowments, 17 percent after all fees. Barrack bought the Fukuoka Dome, Japan's Yankee Stadium, in part because he calculated that the titanium in the retractable roof was worth as much as the purchase price. His strategy is to buy classy but neglected properties anywhere in the world where prices are low. Then, he'll pour in capital to fix them up, and resell in them in five years of so with their pedigrees fully restored. Says his friend Donald Trump: "Tom has an amazing vision of the future, an ability to see what's going to happen that no one else can match." Right now, Barrack's view of the U.S. market couldn't be clearer: It's a great time to sell, and a terrible time to buy. In fact, he sees signs of the tech bubble mentality in real estate. Too much capital is chasing real estate, he explains, with hedge funds, private equity groups, and rich investors all bidding on the same properties. "They've driven prices to the point where the yields on high-quality properties are like the returns on bonds, around 5 percent or 6 percent," says Barrack. "That's too low." And he sees the bubble deflating soon. Barrack thinks the catalyst will be a trend few others are talking about, a steep rise in the price of building materials and labor. "Construction costs have spiked 20 percent in the past nine months," he says. The reasons: Shortages of labor and materials like lumber because of the building boom, and increases in the price of oil, needed to produce everything from plastic piping to insulation to shingles. The slump will show up first in speculative hot spots like Miami and Las Vegas, he says, where condo developers are preselling their projects for what looks like big profits. When they actually build the units over the next year or two, he predicts, they will end up spending more then the units are now selling for. At that point, says Barrack, the developers will try to raise prices. "But most of these buyers are speculators," he says. "They will either sue the developers to get the original price or take their deposits back and walk away." The developers will then put the units back on the market, and the glut of vacant condos will drive prices down. "It's the busted deals caused by construction costs that will cause the turn in the market," he says. So Barrack is buying just one type of property in the U.S.: Casinos. And in contrast to most gaming titans, he's doing it on the cheap. Extraordinary homes, on the cheap ... click here Colony paid just $280 million for the 3000 room Las Vegas Hilton in 2003, one-tenth of what Steve Wynn paid to build his new casino, which has roughly the same number of rooms. The reason Barrack likes casinos is that he's licensed to operate casinos in all the major markets, while most other private equity firms and other financial players don't have licenses. Hence, they're locked out of the market, and can't bid against Barrack. For Barrack, casinos are a safe, exclusive preserve, far from the frenzied melee that's makes every other part of U.S. real estate such a dangerous place to play. For now, Barrack is getting off the field. But when the din subsides, and the amateurs depart, look for Barrack to ride back in, mallet cocked, ready to play again. ---------------------- To read the full-length article from Fortune, click here . The Hot List Most profitable renovations How risky is your 401(k)? Big new tax credits for hybrid cars More Newsmakers Google, Oprah looking hot in '06 Ex-Enron exec pleads guilty NYC transit deal gets OK contact us | magazine customer service | site map | glossary | RSS | press room OTHER NEWS: CNN | SI | Fortune | Business2.0 = Money subscribers = Premium content -- * - Time reflects local markets trading time. † - Intraday data is at least 15-minutes delayed. Disclaimer © 2005 Cable News Network LP, LLLP. A Time Warner Company ALL RIGHTS RESERVED. Terms under which this service is provided to you. privacy policy Reprints of site stories are available. Top Stories Most overvalued housing markets Risks to the economy in 2006 Which was the worst ad of all in 2005? After the ride, a rest Hilton brands reunite after 40 years YOUR E-MAIL ALERTS Follow the news that matters to you. Create your own alert to be notified on topics you're interested in. Or, visit Popular Alerts for suggestions. Manage alerts | What is this?