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There’s no way that someone as wealthy as he doesn’t own at least some commercial property. Even if not himself, Tesla alone owns billions in CRE, not to menti
by LapsangGuzzler 3y ago
There’s no way that someone as wealthy as he doesn’t own at least some commercial property. Even if not himself, Tesla alone owns billions in CRE, not to mention his other companies.
Commercial properties are some of the most valuable assets a company owns, of course the guy wants to keep CRE values up. Just because he owns some transportation companies doesn’t mean he’s allergic to CRE, that’s kinda naive.
That’s like arguing guys at his level don’t donate to both political parties when they clearly do. Because by doing that, you get to own the whole system, not just a piece.
- otterley 3y agoCounterpoint: Berkshire Hathaway owns practically no commercial real estate assets.
- LapsangGuzzler 3y agoBut they definitely own a ton of stock in companies that own real estate. 10 percent of their portfolio is in Bank of America, which has a huge commercial real estate lending portfolio. Berkshire doesn’t need to own CRE directly when they own companies that do CRE. Commercial real estate is foundational in corporate finance. I guess I just don’t this argument that these huge companies aren’t somehow exposed. I guarantee you that if the CRE market tanks, Berkshire is gonna feel it too.
- ydlr 3y agohttps://bhhspremiercre.com/ https://bhhspremiercre.com/
- otterley 3y agoThat's a brokerage, not a holding company.