Investment News

We're in the midst of a housing recession, and hardest hit of all is commercial real estate. Nothing is selling in this sector. Nothing is renting in this sector. Yet, MSNBC has it all figured out. Their suggestion? Invest in commercial real estate.

Now, I certainly favor the idea of buying low, then selling high. And there's certainly no better time to buy than when "blood is running in the streets" as the old saying goes. But there's also something to be said for waiting for the flow of blood to slow to a trickle.

Columnist Danielle Babb of entrepreneur.com wrote the piece for MSNBC in which she suggested buying commercial foreclosures. She does suggest that you should "do your homework" to learn the market for commercial real estate, but man oh man! Does she really think that this is a good time to buy into that market?

Apparently yes. Her reason? "Commercial real estate can be a great way to balance your portfolio."

Well, yeah, I suppose so. Taking on commercial property that isn't selling in order to offset your residential property that isn't selling sure sounds smart to me. Where do I sign up?