With all the news about government bailouts, plummeting shares and takeovers aimed at preventing failures, are dark days ahead for the economy?Â Some, no doubt, think so.Â But I can’t help but sense that—amid all the financial maneuvering and restructuring—something else is lurking:Â Opportunity.
Oh, I might be nuts for thinking this, but I see some investors—the ones who’ve been conservative and cautious while others were wreckless—as coming out real winners in the long run.
For example, consider American International Group, Inc., which is trying to come up with cash to pay off an $85 billion dollar government loan.Â AIG owns $16 billion in real estate holdings throughout the world, including a 15-floor building in Marunouchi, Japan’s most expensive business district.Â Some of these so-called ‘trophy’ properties, which don’t come up for sale often, may wind up with a big ‘For Sale’ sign out front.Â Unfortunately, holdings like these are a little out of my league (!), but for someone, I think they spell ‘opportunity’ in a big way.
And speaking of opportunity, with the news media so focused on uncertain economic times, you may have missed what may be shaping up to be a modern day gold rush unfolding in one part of the Gulf Coast.Â Speculation is growing that a natural gas discovery called the Haynesville Shale in northwest Louisiana could be huge.Â Energy companies are buying mineral rights from property owners at a fast pace.
These are just a few of the reasons why real estate continues to be such a valuable commodity and—even during a jittery financial market—a solid investment.