Good morning last night while reviewing my emails, I received a publication from one of my closes contacts. The title of the email was “U.S. Real Estate Prices Have Bottomed.” For a bull like me that came as no surprise, hell all of you that read my posts know I called that over a month ago, but the guy that sent it to me was a Bear Last Week and told me; “I think you might be fighting the market and you are way early.” Getting this email from him made me really want to examine the article.
To my surprise the article was written by Larry Edelson of Weiss Research Inc. Now, I have read Weiss many times and reviewed Larry’s articles too. These guys have wrote for years about the coming doom of Real Estate way before 2007 and I knew about it from them and other economist writers so getting an article from the Polar Bears titled, “ U.S. Real Estate Prices Have Bottomed.”; I knew that history just might be in the making! Article date July 29, 2009
Guess what ? The Polar Bears are going Bullish on Real Estate and URE was recommended by Larry!
Larry gave five reasons for the turnaround in Real Estate!
First, new home inventories are at previous recession lows.
Second, existing home inventories have also fallen sharply.
Third, anecdotal evidence points to a pickup in demand.
Fourth, housing affordability has come back down to the CPI inflation line.
Fifth, on an international basis, U.S. property prices are cheaper than they’ve been in the last 10 years.
“I would consider the Proshares Ultra Real Estate ETF (URE), which tracks twice (200 percent) the daily performance of the Dow Jones U.S. Real Estate Index. Though leveraged and not a pure real estate play in the sense that it also includes commercial real estate investment trusts (REITS) in its holdings, I believe it’s one of the better ways to play a turnaround in property prices”, wrote Larry.
Note: To avoid conflicts of interest, Weiss Research Inc. and its staff do not hold positions in companies recommended in UWD, nor do they accept any compensation for such recommendations.
Well, I wanted to get this information out to all my buddies on the webpage.
Joe Danyko M.S.B.A. (Quality & Project Management)
I personally do not recommend any investment and I am a holder of URE!
Well, this is an interesting turn of events today, isn't it boys? As the outlaw Josey Wales said, "Well, Mr. Carpetbagger. We got somethin' in this territory called the Missouri boat ride." And it looks like you folks who are "investing" in URE are on it right now...
The article date is July 29, 2009 you said. That date has not even happend yet and you have provided no evidence only gibberish and at the bottom "its staff do not hold positions in companies recommended in UWD, nor do they accept any compensation for such recommendations"