When I talk to people about owning REITs, I find that there are two types of people: those who ask me where Amazon closed today to change the subject, and those who get it and already own a bunch of REITs.
In most cases, most of the second class of folks are either related to me, or have been associated with me for years.
Warren Buffett once said that when it comes to value investing – you either get it, or you don’t.
When it comes to owning REITs at bargain prices, most people just plainly don’t get it at all.
Do yourself a favor- take a look at the Forbes 400 and look how many of these vast fortunes were generated by real estate projects of one sort of another.
Consider the richest guys in your town. Now ask yourself, “How many of them made their cash in the real estate game?”