The owner of McDonalds once asked Harvard students if anyone knew how he made his money.
They answered easy, making hamburgers.
No he replied. I own the best real estate in every capital city in the world>***
going back to the remark about commercial property......
its actually not going down....you must be talking about the listed property companies or trusts...who borrowed to the max.....and now they cannot get finance so easy.....
the properties are fine, and will be snapped up by smart investors when they hit the market...
its the managers who stuffed up the deals....
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