While doing my daily search for possible trade options i found that among my many short alerts had a common trait. 5/8 Short alerts were all REITs.
Now I'm not saying real estate is gonna crash or to prepare for another 2008 crisis however it appears that most ASX REITs are overvalued from a technical standpoint which opens the idea for a potential short.
This chart is very interesting for a few reasons. It basically says that real estate topped in 2007 and has never recovered.
Every trick in the book has been thrown at the property market in Australia in an effort to prevent it from collapsing, I would say this is also happening in other countries.
Blue Wave 1 started in 2007 and ended in 2009.
Blue Wave 2...