Monday, September 30, 2013

The Only REIT I’d Own Today: Vornado Realty Trust (NYSE: VNO)

Unless you own a home in each of America’s 20 biggest cities — or you’re an economist — a 12.4% increase in the S&P/Case-Shiller Index doesn’t mean much.
You can’t make money from a nationwide statistic. Not in real estate…
Cleveland, for example, may have seen a 3.4% increase from July 2012 to July 2013. But that’s nothing compared to Los Angeles, where prices jumped 20.8%.
Or San Francisco, which posted a 24% year-over-year increase. Las Vegas prices jumped even higher, up more than 27%.
And then there’s New York, where you can make a killing on some prime Manhattan real estate right now…
There’s a hassle-free way to do it, too. So you’ll never have to worry about tenants, taxes, insurance, maintenance… You won’t need a million-dollar down payment, either. (more)

Please share this article

No comments:

Post a Comment