“REITs, or real estate investment trusts, are companies that own and manage real estate. Before December of last year, there was no such thing. Now there are three, with more on the way.  Do these vehicles deserve a spot in your portfolio? I’m going to make the case that they do not.  I say this as someone who has been a housing bull. I still think housing is OK, but not as attractive as it was. The investment case for rental homes was plain and I made the case a number of times in these pages in 2011 and 2012. I even bought a rental property for myself. And it’s worked out very well so far. I was far from the only one who saw such an opportunity.”

http://dailyreckoning.com/the-joke-shack-of-the-housing-sector/

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