“If I’m a billionaire investor trying to preserve my wealth for the long term, I’m looking at key buildings in major cities."https://www.bloomberg.com/news/articles/2019-05-21/spain-s-richest-person-bets-billions-on-prime-u-s-real-estate …
I generally agree, but this may not happen if pressures from pensions and the poor result in significantly higher property taxes. I'd feel skittish about doing this in Chicago for example.
-
-
I agree, real estate is a captive asset to some extent. An easy target for public budget problems.
-
Good way to put it. Captive asset. I like that.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.