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From: geb@cadre.UUCP
Newsgroups: net.invest
Subject: Re: IRA's and REIT's
Message-ID: <212@cadre.ARPA>
Date: Sun, 27-Jan-85 09:37:16 EST
Article-I.D.: cadre.212
Posted: Sun Jan 27 09:37:16 1985
Date-Received: Thu, 31-Jan-85 01:36:55 EST
References: <36500005@convex.UUCP> <321@leadsv.UUCP>
Reply-To: geb@cadre.ARPA (Gordon E. Banks)
Organization: Decision Systems Lab., Univ. of Pgh.
Lines: 14
Summary: 

I was recently approached to buy into a new real estate partnership.
I decided not to do it.  At this time I would simply caution anyone
interested in real estate investment to consider two points:

1> There is a significant probability that the tax reform will 
occur, eliminating many of the tax breaks for real estate ownership.
Even if you don't need or use real estate as a tax shelter, many,
many people do, and any change in this regard is very likely to
adversely affect real estate prices.

2> Many observers think that we are at a peak in the real estate
market, or at least that prices will not increase at nearly the
rates that they have over the last 15 years.