Ran across a nice DoubleLine Real Estate Round Table today-
Quite informative- I highly suggest watching this video. Also, listen to Double Line podcasts They are extremely informative.
I almost always learn something. Thank you Double Line for your great information-
SO- What is up with the real estate market?
Industrial and data centers doing well- We know that-
Some commercials can be deals but the sector as a whole is suffering-
Single family homes doing well-
But also multifamily family homes in Texas and Arizona, places with relatively cheap and nice living conditions are doing well!
The thesis about single family homes doing well is great!
But there are two issues first, people can’t get loans despite the low interest rate…
Second, not everyone can afford a single family home yet….
That is why I expect a big rise in multifamily homes situated in Texas, South Carolina, North Carolina, Arizona, Florida, Nevada,…those nice affordable cities 😀
Hence, I am long Independent Realty (IRT) and Bluerock Residential (BRG)
Both REITs are still recovering from the March drop-
They are likely to rise with the economy opening and people moving to nicer and affordable places-
Not much downside while we collect 4%+ dividend-
I used to have a larger position on IRT and BRG but sold some because it rose a bit quickly. And I moved some of that money to gold miners and more distressed REITs.
But will consider putting more money in soon. Currently, I have a lot of cash for just in crazy stuff that will happen around November.
Praying for America. God bless America!
Thank You Jesus for real estate. I pray that we can be the light and salt in the land we stand- Amen!
If you enjoy the content, you can support the blog through clicking the referral links that I use in my life: Acorns, Dropbox, Robinhood, American Express, evernote, and Scribd.
