RNY 0.00% 0.5¢ rny property trust

unencumbered assets, page-6

  1. 33,969 Posts.
    lightbulb Created with Sketch. 1846
    I just topped up at .045 basicly spent the dividend I received from RNY on more stock in RNY.

    Now the US govt is printing money should be ok for Reits as it was for property owners in pre war Germany

    "Real Estate: Farmers and holders of urban property seemed to benefit if their property was mortgaged; the inflation soon wiped out the mortgage debt. However, they received no income, as noted above, since rents were frozen. After the stabilization, heavy new taxes and the urgent need for cash forced most holders to remortgage their property, often more heavily than originally, so that their gains were illusory. Still, those who held real estate throughout managed to save the capital thus invested. However, those who sold during the inflation (often through desperate need for cash) fared poorly. Because it brought no income, real estate sold at extremely low real price levels during inflation."
 
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Currently unlisted public company.

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