In the world of investing we often hear talk about being a contrarian, not following the crowd, buying low and selling high. There is currently a subprime mortgage debacle and a housing downturn. So, with real estate as out of favor as it is right now, I’d like to know who’s investing in it.
Recently REITs, on average, have been selling for about 20 percent less than their net asset values. In her article, It’s REIT Time, And You Can Buy Low, Kathy Kristof suggests that at these discounted prices, it might be a good time to look at real estate investment trusts.