I'm bullish on American real estate at this point, but don't take my word for it listen to the CEO of Norway's vast sovereign wealth fund.
The Norwegian parliament wants five percent of the fund's assets invested in property, and Yngve Slyngstad tells Bloomberg that he thinks about a third of that should go to the United States. Since we're talking about a $660 billion fund, that amounts to an $11 billion investment. Not bad. Interestingly, Slyngstad's not looking at houses or apartments, but primarily interested in "large office complexes in major cities and developed malls."
TODAY IN SLATE
The Most Terrifying Thing About Ebola
The disease threatens humanity by preying on humanity.
I Bought the Huge iPhone. I’m Already Thinking of Returning It.
Scotland Is Just the Beginning. Expect More Political Earthquakes in Europe.
Students Aren’t Going to College Football Games as Much Anymore
And schools are getting worried.
160 Countries Host Marches to Demand Action on Climate Change
- Protesters Take to the Streets to Sound Alarm on Climate Change in New York, Across the World
- Knife-Carrying White House Jumper is Vet who Feared “Atmosphere Was Collapsing”
- North Korea: American Sentenced to Hard Labor Wanted to Become “Second Snowden”
- Almost One in Four Americans Support Idea of Splitting From the Union
Blacks Don’t Have a Corporal Punishment Problem
Americans do. But when blacks exhibit the same behaviors as others, it becomes part of a greater black pathology.