RE:RE:RE:RE:Birkshire continues to bailwhen2buy wrote: Realestate vs Reits - Shouldn't be confused as the same. If interest rates go negative, personal realestate could benefit (be paid to hold realestate). Reit investors own Reits for Cashflow and even with negative rates, may not produce distributions (or significantly reduced). Major companies are going to structural change footprints. Reit "values" (i.e. NAVS) are not the same as retail investors owning for Cashflow / distributions.
REIT unit prices reflected the appreciation in RE prices in Canada the last 5+ years. Especially ones that own their properties (IIP.UN for example) as opposed to some that lease some or have other arrangement where the business plan is to generate income.
IIP went from $3.50 to $19 (plus the all the monthly dividends over these years).
I was in iip at $6 and made the mistake of getting out at $13. But now with another massive QE underway, most of this money will filter down to real estate, I think, in due time. Which may take months or even years I'm not sure about this part.