November 14, 2008 - Phil Hodgen

Doom and gloom (real estate department)

Doom and gloom isn’t new. What caught my eye here was how the real estate company’s CEO saw US tax policy as a direct inhibitor of foreign inbound real estate investment. Go to number (2) in the points he raised.

Personally I think this is a bit myopic. Yes, tax policies matter. But has anything else in the financial market been happening since summer, 2007?? Oh, hypothetically, a massive meltdown?

Investors that I work with are sitting on their wallets. They see asset prices decreasing, so there is no great rush to buy.

I think sane business decisions might have a lot to do with why this gentleman sees a sharp decrease in inbound (to the US) capital flows.

(cross-posted to

US Real Estate Investments