I realize mreits are anathema to you. That is fine. I think prudence will give the watchful investor some forewarning on bailing if and when this scenario occurs, and, yes, I suspect it will. I do not think this will be one day you are ok, then all hell breaks loose and you are grabbing your shorts. Also, being more selective in buying gives one somewhat more of a safety net-for me I have stayed away from the common and bought into only the preferreds, at a below par buy-in price, of mreits that have been around a long time and weathered the last recession in 2008 that was preceded by an inverted yield curve months ahead of time-DX and NLY for two.
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