Tag Archives: REITs

2006: Another bubble? Is there a REAL, real estate bubble out there? Or is it merely a housing bubble?  It’s an important distinction because, while single-family homes are a big, boisterous factor in the public domain, investors in the business of real estate own properties that are very different from those of America’s castle-barons. Market valuation as a cycle First, a simple statement of fact: All capital asset classes….real estate, stocks, bonds, etc…should, and do deliver wealth-growth during periods of significantly falling interest rates. The most serious mistake an investor can make during secular interest rate declines would be to … Continue reading →