Another reason to get out of the real-estate market—right now!
Why because a dot.com hyena found another way to destroy other people's money?
A green parrot is green and a parrot wherever he is, as an idiot will always be an idiot...
Understand this once and for all....
The real estate market is NOT the stock market. It reacts to different types of elements, and a crash in an over-extended residential market (assuming it is over-extended, or under the effects of a bubble -and I ain't saying one way or the other-) not necessarily transmits to the Multi-residential (apartment) market, commercial (office-retail-professional) market, or the industrial (warehouse-distribution-flex-storage) markets.
Just because a band of hyper-hyenas (i.e. market makers) can -at a given point in time- manipulate a group of stocks it does not mean such manipulation and antics is even possible in the RE market, there are other factors such as demographics, local influences, micro-economies, and long(er) term planning based on industrial needs, which drive the [very diversified] real estate market...
There are seldom (if at all), the equivalent -for commercial properties- of neely wheelies who at the drop of a bid in certain stocks would yell SELL, SELL in a given [manipulated] stock, whose owners could not give a rat's arse about the super short term shenanigans, such as the prevalent $0.13 cent gain-seekers of the scalpers or wharf rat-like day traders, who bail like injured whores because the stock had a "key reversal" in one frigging day... I mean... that is all good and great in the STOCK market... but such does not apply to the RE market
In spite of the efforts to securitize RE (those evil little minds of Wall Street are always at work are they not? -gggg) the intrinsic value of real estate will continue to truly be the store of value unlike gold, which is such a relatively small market, now in yet another scattered retreat... once again, beaten in spite of their hard core 'go-back to basics' Montana (if not the Yukon) bound pioneer-wannabee son of Lewis & Clark prospector of the modern era LOL ! Yet again scalped by the fees of the newsletter writer of doom to judgment day gold-bug-nut
Even if it actually happens in the stocks of companies related to the RE market... that does NOT affect the value of the actual real estate... which, for the most part, continues in its historic upwards trend
Read through these news which seem to indicate a totally OPPOSITE direction to what you are suggesting.
PROLOGIS (PLD)
biz.yahoo.com
Research report: US Property Market review (end of 2003 -outlook for 2004 and beyond)
ir.prologis.com
[Other] Reasons why real estate will not necessarily come down in price
selfstorage.org
Actually...
The more they scream about the coming Armageddon, the more i am reassured that the real estate market will gore these day-trader-wannabees in the real estate market... just like a toro de Pamplona at the height of la Feria de San Fermín will gore, tear and tumble the guts of one of the many whaling gloom & doom predictors we have seen parade over the last.... three years...
too bad there is no short selling in the actual properties themselves... man oh man... would I have a field day buying up all the properties (particularly the good ones, with healthy cash flows) of all these wide-eyed-wackos giving away good stuff...
-roflmao- [while happily going to the bank depositing healthy cash flows]
Sell... Sell... Sell... the sky is falling, depression is coming
"Discontent for money is just a trick of the rich to keep the poor without it."
Michael Corleone
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Yeah... we need lots of idiots so money sucking can continue... interest rates @ 8%? Bring them on.... LOL |
