- This topic has 5 replies, 4 voices, and was last updated 4 years, 1 month ago by scaredyclassic.
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August 21, 2020 at 10:27 AM #22982August 21, 2020 at 10:46 AM #819322gzzParticipant
I have done value analysis on a few distressed REITs.
The only one I thought worth investing in was shorting SPG at 100, a position I’ve half exited.
None of the others seemed worth going long or short.
The mall and shopping center REITs have a lot of
problems, but their loans are usually only secured by individual properties, and they trade for pretty close to their liquidation value.Without looking at that one, red flags are concentration in SF/NYC/Seattle with riots/covid/anti-landlord laws all being issues that hurt both current rent collections and future value.
“less leveraged”
That’s neither good nor bad in the abstract. Lots of low rate loans locked in for 40 years? Sign me up!
August 21, 2020 at 11:29 AM #819323scaredyclassicParticipant4% dividend.
why not long term? will cities really be emptied?
August 21, 2020 at 1:29 PM #819324The-ShovelerParticipantProbably much better investments out there.
Probably depends on the city and locations within the City as well. Large parts of SF have kind of turned into real sh#thole neighborhoods as I understand it, not sure if or when they be on the upswing again.
August 21, 2020 at 3:32 PM #819327CoronitaParticipantS&P500 and Nasdaq at all time high .
Don’t fight the irrational exuberance.
August 21, 2020 at 4:32 PM #819328scaredyclassicParticipant[quote=The-Shoveler]Probably much better investments out there.
Probably depends on the city and locations within the City as well. Large parts of SF have kind of turned into real sh#thole neighborhoods as I understand it, not sure if or when they be on the upswing again.[/quote]
are there?
if people are thinking of buying a house to rent out, is that really better than buying this?
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