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"Web sites are undervalued assets. Trends have seen a rise in site values across the board, which is somewhat comparable to the US housing market up until last year -- online property will naturally increase in value over time, so if you simply buy a property, and hold onto it for a while, we should be able to sell it for more than we paid. But, if we add value, we can flip the property for a quick capital gain....."
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This is a good article. A good point here is that it's not all about the domain -- there's a lot of value out there that has not been optimized.
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That is why domain owners nowadays are developing their names into functionable sites. IMHO.