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As with the real estate market, prices for dream houses — or dream marketers throwing off plenty of cash flow, in this case — have come down considerably. But who can afford them? While that oceanfront home will cost you far less this year than last year, you’ll have difficulty qualifying for that mortgage. The same principle holds true in the current merger and acquisition climate, as the financing markets have evaporated fast. Only the most well-capitalized are getting the financing to do deals.
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Mark Del Franco
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