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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: EL KABONG!!! who wrote (19612)	6/9/2002 9:51:44 PM
From: Box-By-The-Riviera™	Read Replies (2) \| Respond to of 74559

doesn't matter. if you believe their will be a deflation of real estate period, hence a set of declining flows on the commerical side, at some point, with cash on hand, you will pick up great values with considerably less risk... given you believe that has not yet happened. residential, apart from apartments, shouldn't interest you except to say, if home owners can't make their payments, apartment dwellers certainly will not be able to pay their rent. and if the two above cannot, it means, they've been fired or can't find a job, hence, office space to house them will not be in great demand.. if the three above are true, on the retail side, empty store fronts where the three no longer go.. well... oh oh, domino. and in some sectors, if owned by non-resident owners who wish to exit their us investments oh oh, declining O. a reit is an investment in the last man standing IMO. unless you can sort out some kind of prime, brilliant reit from the trough were pigs have eaten before. OTOH.... I know absolutely nothing about real estate. but your question was for anyone. <g> I often wonder what edwarda would have made of all of this. some of our last messages were about the bear of bears. she still wouldn't have a job, but she would have been there for this. her's is the one major thing i have yet to understand. J

To: EL KABONG!!! who wrote (19612)	6/10/2002 1:09:21 AM
From: smolejv@gmx.net	Respond to of 74559

[edit] immaterial dj

To: EL KABONG!!! who wrote (19612)	6/10/2002 8:31:36 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

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