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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (71691)	12/6/2022 11:47:56 PM
From: Paul Senior	Respond to of 78704

delete. duplicate

To: Grommit who wrote (71691)	12/6/2022 11:56:06 PM
From: Paul Senior	1 Recommendation Recommended By Grommit Read Replies (1) \| Respond to of 78704

DEI. The thing with DEI, unlike the others, is that DEI is land-constrained, being in Honolulu and Los Angeles. I like Austin, invest there too (holding BDN, et. al. also), but that area has lots of land to develop. I assume same for several other cities - Raleigh, Nashville. Maybe not Philly or DC though. (?) You look at homebuilder companies and they are going to the sunbelt and competing DEI being dominant "one of the largest owners and operators of high-quality office and multifamily properties", they likely have some control over the market. You will not see competitors easily rush in and build. There's just not much land that has not already been developed. That is why at current price I like DEI. You may like sunbelt better than DEI's Los Angeles or Honolulu. We do see that people are leaving these high-cost areas. Otoh, there seem to be enough people who are staying in LA, imo. Over the next few years, property such as DEI's should move up in value. And meanwhile, a decent dividend while waiting. For me, I'm more confident of this than I am of the other reits you and I are holding.

To: Grommit who wrote (71691)	12/7/2022 10:08:27 AM
From: Spekulatius	1 Recommendation Recommended By pak73 Read Replies (1) \| Respond to of 78704

re DEI - there is a recent VIC pitch for DEI. It goes along the lines of buying below replacement cost currently (most likely true) and efficient operator (correct). valueinvestorsclub.com That's said, office has been severely challenged and I think CA and LA in particular has secular issues on top of the negative trend in office. I agree I would rather hold sunbelt office at this point. I also think that as far as Reits are concerned, I hate to go against Grommit's opinion.