galway_blow_in
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And this kind of nonsense is exactly why Irish households lost more in personal wealth than most other countries...
Irish investors in property were wiped out in the following scenarios:
- Good assets but too much borrowings
- Bad assets
- Bad assets and too much borrowings
Someone with good assets and a prudent level of borrowing should always be fine.
The REITs have rules around borrowing and they are diversified, albeit within that asset class.
So because some Irish investors lost money on property, you completely write it off forever as an investment?
Except it was not some people it was most people. And the was majority lost not because of the recession nor the banking crisis but because they ignored the basic rules. And the exact same thing will happen again, the build up is already under way.
Are we talking about property in general or still talking about reits
Two types of complaints.
1 The rules favour them.
2 Do they give a good ROI.
You missed one... not a single one of them are suitable for including in the portfolio of most Irish investors.
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