REIT is a dirty word now
Feb 4th, 2009 by Vinny
This is the worst part: “The Dow Jones Wilshire REIT index lost 4439% over the past year through February 62, as investors concluded that these toxic conditions would force many REITs to pare back generous common-stock dividends. REIT preferred shares did just as poorly.”
Now that is quite a loss if I have ever seen one. That is why now is the time to stick with residential real estate, commercial properties are not going to fare well this year with the economy on the down-turn.
