Urgent Alert: Dump Your REITs Now! by Mike Larson Friday, June 17, 2011 at 7:30am
Right here in Money and Markets — in May 2007 — I issued one of my most important and prescient warnings ever. I proclaimed the multi-year run in the real estate investment trusts, or REITs, over. And I told you ... in no uncertain terms ... to dump every last REIT you owned, warning: "We've had way too much excess money and credit floating around out there. It's causing what I call a series of ‘rolling bubbles.' Residential real estate had its turn in 2001-2005 ... and since about 2003, commercial real estate has been experiencing its own private mania. But a turn may finally be at hand."