Sunday, May 15, 2005

Real Estate Is A Hard Asset

"As a commodities trader in the morning and a landlord in the afternoon, I am aware of the bull market going on in hard assets. When you look at gold, silver, copper, oil, and real estate, you see that real estate has gone up proportionately to the others. Are you expecting gold or oil to bust when interest rates rise? If not, you should at least discuss this new shift." -- Glenn Kafka
Edison, N.J.in letter to Business Week.

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