1. Suppose a friend tells you: "Investing in real estate using Real Estate Investment Trusts (REITs) are one way to reduce the risk of investing in real estate" To what extent is this statement true or false. Explain.
2. What impact does the market for intangible property such as stocks and bonds have one the market for real estate? Why would a real estate investor pay attention to what is happening in these markets?
3. Real estate completes with stocks and bonds for investment dollars. Discuss how the market for stocks and bonds are different from the market for real estate.