Nice post Joe. You make a good enough argument for the bear case in commercial real estate to convince me to avoid it. All your predictions don’;t have to come to pass for there to be a disaster in that sector. Seems pretty obvious there’;s great risk there. I hadn’;t considered American REITS, perhaps there is an opportunity there along with homebuilders. I think I heard that rents are getting more expensive than purchasing real estate in the United States.
i love your friends.and you were going to go to work for drama and now you go to waterloo? hahaha nice. p.s. I sent that piece that you were in to ryerson last week. I am currently waiting it out in fits of nerves.