Quote:
Originally Posted by Boomer
Of course, I use Amazon.
I hate the fact that Amazon has put so many bookstores out of business, but have I been ordering books from Amazon for years? Guilty.
I hate the fact that so many suburban areas are now full of empty retail space in strip malls and in big malls. But do I order clothes and shoes online? Guilty.
I hate the fact that the modern need for instant gratification has been so perfectly played by Amazon, wiping out more of the competition every day? But do I keep on ordering from Amazon? Guilty.
Amazon has grown so many arms and legs that there will be no catching it and then it will be ONLY AMAZON. But, here I am. Guilty.
………I have wondered about the effect Amazon has had on REITs as investments. I have never been into REITs, but I remember when people talked about REITs as a good investment. (I also remember when people thought if they individually owned commercial property in the ‘burbs or small towns, they were set for life. Now?)
One of the reasons I never liked REITs was because for the past 12-15 years, I have observed more and more bleak and barren retail space. So how are those retail REITs doing?
And speaking of REITs, the working from home thing has been working so well that people do not want to go back into the office. There was a story recently on one of my hometown news sites that talked about the big hit office space was taking. REITs are invested in office buildings. How is that working now?………..
But I digress…..that sure was a leap to REITs…….
Boomer the OverThinker
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The best way to make money with an REIT is to start your own. Write a prospectus, name yourself as the general manager with a huge salary, find a broker to sell shares, and let the investors take all the risk. That has always been my issue with REITs. No risk or accountability for those who create it and operate it.