I don't think REITs will do well but CNBC thinks differently. I don't know how they will do when there are permanent business closed and businesses have changed towards a digital approach. Also housing costs should go down due to 3D printing.
https://www.cnbc.com/2021/03/06/areas-of-the-reits-sector-that-could-thrive-in-2021.html
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I don't either, people are chasing the large dividends and will probably get recked when that market crashes.
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I cant see how anyone can think, in the medium to long term, that real estate will do well, especially at the levels we are at now. Commercial is going to be obliterated for decades in my opinion.
With people starting to spread out due to the ability of working from anywhere, the insanely priced areas are going to keep losing people. The tech companies moving out of California for Texas are a prime example. There are also the financial companies moving out of the Norhteast for South Florida.
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Yea it's true that REITs give huge dividends. Since they use people's borrowed money to buy up land and then renovate them, they give like 90% of of the profits out I think.
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Are you surprised that CNBC disagrees with you?
The financial media is about as right as CNN.
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Nope but are they trying to get people to buy the REIT bags since the market looks dangerous. However from the standpoint of the market, the risk-reward is fairly good right now. If I see a good curl up on the chart, I might just pop a position for a daytrade or a swing trade. It's too dangerous for a investment though.
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