Apartment REITS

[randomep]

 

Hi all, I am not too familiar with REITs. I found a really nice one in canada. I wonder how apartment reits would do in the event of a 2008 type crash. I know in the USA a lot of areas had rising rents due to all the foreclosures. I suppose this would bode well for apartments reits.

 

My premise is that housing in canada is going doooown, and I wonder if the apartment reit would benefit or go down with it.....

 

any thoughts?

 

 

[Myth465]

I would guess cash flow / utilization would go up being a positive.

NAV would be perceived to go down with the follow RE prices.

 

I would probably just wait, see how they react and buy if its priced right. In the US everything went down, cash was what you wanted.

If you want a big short I dont think this is where its at.

[jouni1]

I would probably just wait, see how they react and buy if its priced right. In the US everything went down, cash was what you wanted.

If you want a big short I dont think this is where its at.

 

agreed, keep the cash. everything with REIT or mortgage in the name will get hammered. the businesses that aren't as affected will be buys at this point.