Knakal: 'Greed Is Good... for Real Estate'
guardian.co.uk.
Channeling Gordon Gekko in Wall Street, Massey Knakal chairman Robert Knakal in his weekly commentary ran down the benefits of a voracious Street when it comes to real estate investment. Taking us back, Mr. Knakal lays out how the stock crises of the past two decades (the dot-com bust, Enron, WorldCom, subprime-backed securities) have spurred a healthier appetite for investment in the bricks-and-mortar tangibility of real estate.
Investors, now more than ever, want to understand what they are investing in. Real estate is so transparent. It is so easy to understand. The income is what the income is, as are the condition of the property and the operating expenses.
