mr. mann

Key Points from NYU Commercial Real Estate Capital Markets Conference

<i> “You can’t fertilize the field by passing gas over the fence”</i>

With regard to CRE, can the lot of the arrogant, incompetent wasters-of-other-peopl... (aka "developers"), fart in their own hands then smell it?

Profiting from Foreclosures?

so, your idea to profit off foreclosures is buying mini-storage companies? that's it!

mini's claims that they are recession proof is proving wrong. their revenues are down (significantly), renter defaults are much higher, and they have been wildly over-built in the past 6 years.

i hope your other suggestions are more thoughtful. you should try harder.

Rising Foreclosures: The Numbers and the Reality

i think it is ironic that the guy's name above is <strong> "house"

Shiller on Housing Speculators: If You Can't Beat 'Em, Join 'Em

the product does increase speculation. you don't understand it.

'Green Shoots' Not a Phrase Used by Those Who Know

"Prices have slid back since then, because the perception of green shoots hasn’t matched with the reality of nobody involved in business seeing the same thing."

Nice sentence structure. WTF?

Apartment Vacancy Hits a 22-Year High

Apartment fact: pricing power and employment rate are always directly correlated.

IMN Real Estate Forum: Opportunities to Invest in Distressed Commercial Real Estate, Part 2

with the exception of the *trite conclusion, thank you for sharing this information.

*e.g. "and (3) management is capable and committed for the long-haul, are we willing to put our capital at risk. " well duh. i prefer investing in companies with incompetent management who wants to burn the company to the ground is short order.

Has the Well of Merrill REIT Offerings Suddenly Run Dry?

one anecdotal example of one property sale out of simon's massive portfolio is not compelling. this single sale is not "a surprising development on the REIT scene." it is a best-of-breed mall REIT getting rid of an asset that does not come close to fitting their portfolio. they should get rid of this ill-fitting asset ASAP at what ever price the market will yield.

Home Price Declines: How Much Further Do We Have to Go?

Dirk,
Kudos. Solid logic Well written.

I would like to get your take on where a logic bottom may occur if these assumptions are incorporated:
1) Inflation adjusted income decrease some percent (your estimate) over the next couple years,
2) Rents decrease some percent (your estimate) over the next couple years, and
3) Lack of buying confidence cause an over-shoot in the long-run ratios mentioned above.

Also, you make the assertion that: "The two best metrics for judging if houses are cheap or expensive are the ratios of price to income and price to rent."

This assertion doesn't seem to recognize the impact of interest rates. Is that correct? Can you add some elaboration to your assertion?

Thanks,
Mr. Mann

REITs: Risk Perception and Prospects

i like the bubbles with letters on them. they are pretty.