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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: THE ANT who wrote (24709)3/2/2005 6:25:29 PM
From: mishedlo  Read Replies (3) of 116555
 
Can anyone help this guy?
The following was sent to me from someone on my board on the FOOL:

I've been following the postings on real estate on this board. I too tend to think residential real estate is in a bubble. However, due to certain tax consideration, I might need to purchase income-producing property. Therefore, I would like as many informed opinions as possible as to possible reasonable investments - not as likely to go down but likely to produce income. For instance, perhaps hotels, particulary, in places like Hawaii (due to the relative increase in Japanese tourism) might be okay. What about the real estate market outside of the united states. Are there investment companies that specialize in purchasing real estate investments, and which are the good ones? If you have any ideas,I'd love to have input.

Thank you in advance.
craftmacorini
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Here was my initial reply:
I would not get anything here in a bubble area especially Florida, California, or Hawaii.

Other than that I can not tell you.
Off the top of my head, Brazil or Costa Rica might be OK but remember I am totally guessing and prices have run up there too FOR SURE.

There is a GLOBAL property bubble IMO.

I will cross post on SI but my advice would be to WAIT!

Mish
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