I have been focused on other things lately, leading to no new posts in quite a while. I am working towards a goal and it takes up a lot of time, but satisfying time at that. Nevertheless, I did want to mention a couple of things that I’ve read recently that were interesting:
-First up is a blog post that talks about the experiences of two entrepreneurs who started a real estate investment shop about 4 years ago while still in grad school. It has now grown to a $400M portfolio. I imagine there might be some lessons in there for someone like me.
-From The Real Deal, with the condo boom in the City and other conversions going on, the stock of Class B office in Manhattan has been on the decline. Which means such assets make for a compelling investment simply on the basis of supply and demand.
-John Mauldin takes time in his weekly piece to examine the recent CBO report about Obamacare, and how the legislation will likely lead to people working less, given the taxes that will function as a disincentive. So, for those concerned about wage stagnation relative to productivity, get ready for it to become even more pronounced. Which means a drop in GDP – which, by the way, means a drop in tax revenues to pay for the government. So much for smaller deficits.
