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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Ed Diaz who wrote (14453)1/12/1998 11:47:00 AM
From: Big Bucks  Read Replies (1) | Respond to of 70976
 
Ed,
I haven't a clue as to whether Japan have/use Real Estate Investment
Trusts. But if they do they are in deep kaakaa since real estate
is becoming devalued as the currencies devalue. Doesn't bode well
for banking/lending/investment companies with large outstanding
real estate loans in Pac-Rim countries. Who is going to buy/refinance
overvalued real estate with no upside potential visible for 3-5 years?

BB