Update from the Foreclosure-Based Economy 0
MarketWatch reports that J. P. Morgan is trying to re-up the real estate bubble:
Investors can find opportunities in apartment and shopping-mall REITs, according to Marty Cohen of real-estate fund manager Cohen & Steers, who advises caution around single-family housing, commercial and retirement properties. Jonathan Burton reports.
“Although the U.S. housing market remains extremely depressed, we believe that given current valuations and demographic dynamics, now may be the time to consider an investment in housing,” the report said.
Methinks they are feeling the pinch of the decline in commissions.
