japanese real estate is a great place for our

Now, Peter has once again turned his attention to Japanese real estate stocks...

http://www.dailywealth.com/archive/2007/nov/japanese-real-estate.asp

6 Reasons why Japanese real estate is a great place for our money

......In his e-mail to me, he listed reason after reason why Japanese real estate is a great place for our money...

• Japanese real estate investment trusts (REITs) are a great bargain, down 29% since June 1.
• Dividend yields are the highest income plays in Japan, in the 4% range.
• There's a huge incentive to borrow and buy real estate, as "cap rates" (essentially the rent minus the costs of upkeep) are 4%-6%, while the cost of borrowing money is only 1.5%.
• Rents in Tokyo are up 30% in the past two years.
• The city is crawling with investment bankers looking to buy properties... companies like Goldman Sachs, which has already spent billions investing in Tokyo real estate.
• There is no supply... vacancy rates in Tokyo real estate are tight at 2.6% and there isn't much new building taking place.
Peter is right... the opportunity is enormous. Japanese real estate is literally selling at 1980s prices. It's unbelievable.