TSX:AX.PR.E - Post by User
Post by
garyreinson Jun 13, 2024 8:57pm
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Post# 36088355
Never been more turned off from REAL ESTATE
Never been more turned off from REAL ESTATEThen I am right now. Imagine buildings everwhere thats inherently supposed to be profitable, otherwise why bother building, permits, maintenance, leasing all that jazz.
yet the equity wiped out on these trds is anywhere from 25-60% depending on the reit
might as well just got a 4- 5% gic locked in for 5 years or buy a bond
this is value destruction at a historic level
when this happened during covid fed was during on the printer like crazy to get things going
now they are intentionally driving asset prices in the hole, over CPI
GROSS