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Old 11.01.2017, 19:14
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Meadow Meadow is offline
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Re: Mortgage tips and risks

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Simon Property (SPG), one of the bigger real estate companies, has an earnings yield of about 3% (the inverse of its P/E).

If you could buy at double-digit return you could buy that property and hedge with REITs, SPG or other real estate companies that match yours best and garner a substantial virtually riskless return.

That makes no sense hence those 11% are most probably false.
Yes I would like somebody to explain to me this 11%. Mind you, that the average is 11%, but in New York it's only 5% and in Detroit it's... 25%. I checked this data on a different website and it looks legit. It needs to have something to do with their regulations. I have seen that they have property tax, which can even be 2%.
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