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Article: TO MANY ADVISORS, REAL ESTATE IS STILL A SOLID INVESTMENT
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- August 31, 1990
- Author:
CopyrightCopyright (null) The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Real estate is no longer a get-rich-quick investment, but there
are those who believe it remains a solid, smart place to put your
money.
The combined effect of overbuilding, lower inflation,
threatened recession and weak demand makes it more difficult for
investors to make money in real estate than it has been in the past.
In 1989, income return from institutional equity real estate
-- property investments held by pension funds and other large
professional investors -- lagged far behind stocks, bonds and
short-term Treasury bills. For the fourth quarter of last year,
real estate could not even beat inflation.
The industry also is bracing itself for the fall-out from the ...