Watch what Zell has to say about interest rates. This is the reason those of us who fear inflation down the road doubt the Fed's ability to fight it. IF, we see inflation a year or two from now the Fed will be forced to raise interest rates, that action will cause a potential undoing of the CRE market and douse any revival of residential real estate that may be happening at the time.
Disclosure ("none" means no position):
Bill Ackman's Pershing Square: Mall REIT Presentation
50 minutes ago
