Another brilliant read! Thanks for sharing and looking forward to your analysis of Webb holdings in HK.
One question: How come you say that you see real estate not in a recession? Which data or narratives lead you to that conclusion? What I see: transaction volume down big time in US and Europe and lumber signals that construction in the US is rather weak. So interested to understand about real estate avoiding a recession/contraction in H1 2023.
Another brilliant read! Thanks for sharing and looking forward to your analysis of Webb holdings in HK.
One question: How come you say that you see real estate not in a recession? Which data or narratives lead you to that conclusion? What I see: transaction volume down big time in US and Europe and lumber signals that construction in the US is rather weak. So interested to understand about real estate avoiding a recession/contraction in H1 2023.
B(r)auhaus would have been a very nice asset play, over recent years. Probably gone now.
Thanks for sharing!