Money and Finance
The Joke Shack of the Housing Sector – by Chris Mayer
It’s not often you hear one executive call another business “a joke.” But it happened on a second-quarter earnings call this July.
The target of this criticism is the new crop of publicly traded single-family rental REITs. (REITs, or real estate investment trusts, are companies that own and manage real estate.) Before December of last year, there was no such thing. Now there are three, with more on the way.
Do these vehicles deserve a spot in your portfolio? I’m going to make the case that they do not.
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Horizon Kinetics December 2013 Market Commentary
This month, we discuss the discrepancy in valuations between Canadian-listed companies and their US-listed peers, highlighting real estate investment trusts and real estate developers.
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Gundlach Steers Clear Of Mortgage Reits
Investors should avoid real estate investment trusts that buy U.S. mortgage-backed securities because they’ll continue to cut dividends as homeowners refinance mortgages at lower rates, said DoubleLine Capital LP’s Jeffrey Gundlach. “I expect further...
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Ron Peltier On King World News
Ronald Peltier: Chairman & Chief Executive Officer of HomeServices of America, Inc., a Berkshire Hathaway Affiliate - HomeServices of America is the nation’s second-largest full-service residential real estate brokerage firm and became the conduit...
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Ron Peltier On King World News
Ron Peltier is chairman and chief executive officer of HomeServices of America, Inc., a Berkshire Hathaway affiliate and the nation’s second-largest full-service residential real estate brokerage firm. Ron has helped build Home Services of America into...
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How About Free? The Price Point That Is Turning Industries On Their Heads
There's an old joke about a businessman who gives away his products. A customer asks: "How do you make money doing that?" He answers: "I make it up on volume."-It's nonsensical, yes. But a funny thing has happened: Giving away the product has...
Money and Finance