commercial propery forecast for 2009, page-2

Most dangerous REITs to hold in the current climate are the ones which have been the least affected so far, because they have the potential to fall the greatest. Many REITs started 2008 in reasonable shape but eventually got caught up in the demise in this sector.
I have never like the way WDC has recognized profits in its revenue statements.
Falling commercial real estate values have a huge impact on REITs that recognize these gains in their revenue statements. Better to just report the operating side of the business.
Regards
Buffett