this post was submitted on 06 Sep 2024
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Why bring Galeb Weston into this, lots of middle class people are invested into REITs. My best friend talks about his investment in them all the time. Hell, there's a half decent chance my RRSP and my kids RESPs are invested in REITs as part of the broader fund they are part of.
That doesn't make it good for society lmfao.
The 2008 Stock Market crash is a good lesson in this, they bundled subprime loans and turned them into securities which made it into mutual funds, pension funds and generally securities held by corporations.
You missed the point of my post, which was why call out Galen Weston specifically when probably the majority of people, included many middle class people, are invested in REITs one way or another? Like, is it somehow bad that Galen Weston does it but not bad that my best friend ans I do it?
Holding a reit as an investmenr and creating the ecosystem for hiking rent prices by monopolizing ownerahip are not the same thing. I, for moral reasons, do not hold reits because I see what the companies are doing and its' effects.