whatajoke

Time to Reconsider REIT ETFs

Index Universe doesn't have a clue what it is talking about. It's comparing current valuations to historical ones when home prices were RISING. How about when home prices fall? Well, consumers stop spending, retailers stop expanding, overlevered retailers do go bankrupt, and REITs lose tenants.

I'd suggest shorting the IYR (a real estate ETF) because REITs have a lot more to fall (both in general, and to catch up with the fall in retailers over the past 6 months).