Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
The Rabid Capitalist previously noted that office properties had suffered a drastic devaluation, declining by fifty to seventy percent from their peak values, but that values had not bottomed out. Distressed properties purchased at discounted prices may not necessarily be bargains. Office real estate investment trusts (“REIT”) trade with blissful ignorance of this reality.
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