Wow that was odd. I just wrote an incredibly long comment but after I clicked submit my comment didn’;t appear. Grrrr…; well I’;m not writing all that over again. Anyway, just wanted to say great blog!
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.