Hi KJC, you triggered some memory firings.
I do not own any real estate shares now. I am not keen on owning any REITs now, given my suspicions about the USD and global economy and the effects on real estate in general.
REIT shares characteristics of bonds and stocks, and what hits the latter two asset classes will similarly hit REITs.
I like real estate as a rule, because (a) it is a relatively simple business, (b) involving nothing more than location, purchase price, financing, leasing price, outlook on economy and effect on future lease rates, capital value and interest rate, (c) not involving R&D, good will accounting, technology, etc, and (d) has potential mania value. A lot like the gold industry:0)
I had at various times owned the following:
pcquote.com
pcquote.com
pcquote.com
pcquote.com
baby.boom.com.hk
Hong Kong market code 16
Shanghai market code 900932
and Bangkok Land in Thailand, and Ayala Land B shares in Philippines.
I have added this to my monitor:
pcquote.com
I will buy real estate shares at some point after the collapse of the USD bubble, when its splash damages bonds, stocks, and real estates all around except perhaps Europe and Australia.
I would be interested if anyone can point out some Europe based real estate plays on the share market.
Chugs, Jay |
