Billionaire investor Wilbur Ross Sees ‘Huge’ Commercial Real Estate Crash and billionaire investor George Soros said “bloodletting” may be coming for leveraged buyouts and commercial real estate. Soros also said “The American consumer will no longer be able to serve as the motor for the world economy.” Here's the article link: Ross and Soros on real estate
What I would suggest is that anyone thinking about buying this "dip" in real estate might want to wait for a bit - like several years. And anyone riding REIT stocks because their Raymond James or Wells Fargo advisor said, "hey man, they're good value and pay awesome dividends," might consider taking the gift of this rally since March and sell.
With apartment rental vacancies hitting a new record high in October, the housing market ready to turn back down after the summer's taxpayer financed homebuying orgy, foreclosure inventory ready to flood the market and persistently rising delinquency/default rates permeating the massive prime-rated mortgage sector, Dave In Denver says, "get ready for the next big cliff dive in the housing market."
HAPPY HALLOWEEN EVERYONE - DON'T GET SPOOKED BY
YOUR NET WORTH: STAY FROM STOCKS AND REAL ESTATE!
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