Starwood Properties’ Barry Sternlicht on CNBC
November 19, 2009
More of the same ….
“12 to 15 million homes stuck on bank’s balance sheets”
“REITs can’t play in Land”
“Lots of interest offshore”
“They’d rather buy our office buildings rather than our treasury bonds”
“Construction loan is a 4-letter word”
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13 week net domestic outflow in equities. we arent investing in our market but its jumping up. foreign countires are exchanging for a free 20% equity boost and playing our markets. we have to address our issues soon and in a smart fashion. or it collapses again.