Posted Jan 21, 2013, 11:10 PM
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Selfie-stick vendor
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Join Date: Oct 2005
Location: New York Suburbs
Posts: 10,990
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^ interesting perspective, thanks!
Are the banks the major source of capital for in city redevelopment? Or could REITs/pension funds or real estate funds within the major mutual funds be possible developers?
There is currently plenty of capital sloshing around the economy and desperately looking for something to lock in a good return...again this gets to my notion that capital in the US is extremely conservative in terms of what are considered good investment opportunities. 60,000 homes in Vegas =yes (because vegas is supposedly growing faster), in-city multifamily in a sound urban submarket =no.
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