Where is the market/economics really going?
One man's view of 2008 to 2010 by John Rubino 2/24/2008 www.dollarcollapse.com Back in June of 2006 I posted some long excerpts from an internal report produced by Colorado & Santa Fe Real Estate, a Denver firm owned by an entrepreneur named Marcel Arsenault. After riding the long bull market in U.S. real estate to a considerable personal fortune, Marcel was doing something unusual for a real estate guy: He was selling out at what now appears to be the top. But not just selling out. He was so convinced that real estate was headed for a crash that he'd converted his company to a hedge fund that was shorting REITs and industrial commodities. ... Commercial Real Estate (Retail, Office, Industrial) The thing that’s keeping commercial real estate afloat is that owners enjoyed a good economy for the last five years. Tenants are still paying rent, and until recently, expanding. But once the economy turns negative—I think we’re probably in the beginning stages of a recession—then ...