Articles by Peter Ingersoll
We'll Eat Like Kings - February 2011
Waiting for the logjam of distressed loans to
break and flood the market with commercial buying opportunities reminds
me of a Gary Larson cartoon where two spiders have woven a web at the
bottom of a child’s playground slide. One says to the other: “If this
works, we eat like kings!”
Viva la Difference - January 2011
One nuance that investors forgot in the price
bubble of 2004 to 2008 (really a debt bubble) was that commercial real
estate is not homogeneous across place or product; neither is
debt-financing.
Pain is Gain - November/December 2010
As horrible as the bubonic plague was for Europe
in the 1300s—nearly a third of the population died—it set the stage for
centuries of economic growth because all the land and productive
capacity were now owned by fewer people, and wealth became more
concentrated.
Learn Inuit to Understand Inflation - October 2010
Urban legend tells us that the Eskimos have more
than 100 words to describe snow. That's a lot of different snowflakes!
If one of the primary fears of commercial real estate investors is a
multiple-year, blizzard of inflation and the accompanying
wealth-smothering drifts of worthless fiat currency, then we need more
than a single word to describe inflation too.
Very Interesting - September 2010
The consensus, or perhaps fear, among real estate
investors with whom I talk is that interest rates must, must, must go
up. At current levels, it is difficult to conceive that rates could
possibly fall further.
When I was 13 my juvenile delinquent friends and I bribed a college kid into buying a case of beer, which we drank under an enormous weeping willow in the soft summer night hidden by a canopy of leaves. My first reaction was: “How do adults stand this nasty stuff?”
