Commercial R/E Bubble
At a conference in Las Vegas, yet again the topic of a commercial r/e bubble came up. There is evidently a huge amount of capital chasing r/e investments. 1031 exchanges, which seek to avoid capital gains taxes, are flooded with money from r/e profits and are looking for a new home. But of course, Las Vegas is different. It will be effected less than other parts of the country, said one participant. Too much money chasing too few bricks!