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Article: REAL ESTATE TOUTED AS NEXT PLACE TO INVEST AFTER CRASH.(Business)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- November 22, 1987
CopyrightCOPYRIGHT 1987 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Larry Birger Knight-Ridder
With the stock market battered and inflation threatening to return, some real estate experts say it's time to take a good look at commercial property as a more stable and potentially profitable investment.
At the same time, they caution, a glut of office buildings, shopping malls and hotels, plus negative provisions from tax reform, doesn't make real estate the quick-profit panacea that it was in the 1970s.
"Clearly, shifting your portfolio out of real estate into financial assets in 1981-82 was the smart move," trumpets a recent publication of consultant Robert F. Stanger & Co. "But the evidence is mounting ...