Petey asked Dawg:What are your concerns with regard to owning a REIT [WRE] focused in one city [Washington DC]?I'm no Dawg, but I'll throw in my two €s worth.One of the reasons we're heavily invested in WRE is the fact that they ARE concentrated in just one area: Washington, DC. I feel as long as we have a federal government in Washington WRE will never want for customers.On the other hand, if the terrorists manage to nuke DC WRE won't be worth a plug ¥ in a Las Vegas slot machine. I guess your estimate of the odds against that happening will color your investment strategy.As to EOP's supposed spread out strength, I'm not adding to our EOP holdings right now because EOP isn't doing all that well right now. This is due, in large part, to EOP's extensive holdings in California which (as you may have heard) is in more financial trouble than (I believe) even the Terminator can get them out of. Having paid too much for a large chunk of properties in the bay area doesn't help either.Bottom Line:I'm holding on EOP but throwing every spare ¢ into our WRE DRIP!
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