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"The investment environment strikes me as very fragile right now," says Winthrop Realty Trust...

"The investment environment strikes me as very fragile right now," says Winthrop Realty Trust (FUR) CEO Mike Ashner (CC transcript), calling it propped up by low rates and capital that ought to know better. "I would rather sit on cash than lose cash and make a poor investment. I did that in 2006 and I'm not going to do it again."
Comments (4)
  • "Once bitten, twice shy."
    6 May 2013, 11:10 AM Reply Like
  • It's comments, such as his, that dispel any notion that this market is will soon become over-exuberant.
    6 May 2013, 11:20 AM Reply Like
  • Mike, I am glad to hear your your thoughts on the on the current fragility of the Real Estate Market. Cheap money always leads to excesses...and bad decisions..
    6 May 2013, 11:20 AM Reply Like
  • No such thing as a safe bet. No way to predict the future either. Doesn't seem like the best career for this guy cause trusting your money to a jumpy, often abused, and 'propped up' market can take a bit of scrote. I'd rather take 1% per day in the right sectors at the right time than lose it to inflation or buying depreciable 'goods'.
    6 May 2013, 11:29 AM Reply Like
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