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Big real estate investor getting out of US
Old 10-24-2005, 01:43 PM   #1
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Big real estate investor getting out of US

Big real estate investor getting out of the US.

http://www.fortune.com/fortune/inves...117911,00.html

Interesting read, if for no other reason then to hear of a man most people aren't familiar with.
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Re: Big real estate investor getting out of US
Old 10-24-2005, 02:07 PM   #2
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Re: Big real estate investor getting out of US

He is singing that same song about bad condo deals and to much dumb money chasing to few deals.* We sure are getting lots of warnings aren't we?
He has a very fascinating story, another kind of "American Dream" senario.
BTW, Fidelity recognized the potential of foreign real estate a few months back and launched a new fund FIREX.* I bought it, and so far it is OK, but nothing to write home about.*
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Re: Big real estate investor getting out of US
Old 10-24-2005, 02:09 PM   #3
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Re: Big real estate investor getting out of US

Bought IGR last spring; price/cap gain flat, but ~8% divvy. Of course, it's fairly heavy in USA RE.
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Re: Big real estate investor getting out of US
Old 10-25-2005, 10:42 AM   #4
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Re: Big real estate investor getting out of US

I think the story was the interesting read. I'm trying to become more of a contrarian, but I'm not sure if that means I should ignore the prevailing thoughts lately and invest in US RE, or go with the other half and move to offshore RE. I really think the internet makes it harder to be a contrarian, since EVERY DAMN OPINION is expressed in either direction. Get out the sky is falling!!! Now is the time to go all in!!! :
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Re: Big real estate investor getting out of US
Old 10-25-2005, 11:05 AM   #5
 
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Re: Big real estate investor getting out of US

Well, I see a lot more "Lookout, it's a bubble" than "The sky's the limit." Perhaps that's just because I hang out here with these here cognoscenti.
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Re: Big real estate investor getting out of US
Old 10-25-2005, 11:10 AM   #6
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Re: Big real estate investor getting out of US

Aw shucks,*
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Re: Big real estate investor getting out of US
Old 10-25-2005, 09:41 PM   #7
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Re: Big real estate investor getting out of US

Quote:
Originally Posted by JPatrick

BTW, Fidelity recognized the potential of foreign real estate a few months back and launched a new fund FIREX.
The name alone should make us all want to look into this fund
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