I’m actually starting to think tax free municipals might be the best way to go. Give them another month or two for rates to peak and snag a few new issues in high growth regions. General obligation, of course, not revenue bonds.
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Any repe will prolly be better than any muni. I know cuz I sling it.
Real Estate Private Equity? Seems like a risky space to be in at the moment, given declining commercial real estate performance.
I also heard that muni’s were losing their tax advantages.
Well it depends. What sector multi family? Office? Multi family is fine. As you can tell residential prices has not fallen. The main issue is that bank lending has soften because of interest rate risk in government bonds. But private credit has taken over. And private credit is doing extremely well due to higher rates. The fact that they normally have senior debt also means they can take over underperformers. So yea. Business is booming baby!
I know very little about private credit.
ELI5, por favor