Sam Zell on why interest rates need a “shot clock”
April 6, 2017 | by E.B. Solomont | TheRealDeal
From TRD New York: Sam Zell is tired of waiting for Godot. Raise those damn interest rates already, he says.
“The kinds of interest rates we’ve had are like basketball without a shot clock,” the billionaire chairman of Equity Group Investments said Thursday. “There’s no sense of urgency. There’s no penalty in deferring making a decision.”
In a wide-ranging talk at the annual REIT symposium hosted by NYU Schack, Zell explained why he’s bullish on foreign investment but doesn’t have much hope for an infrastructure boom in the U.S., despite the Trump administration’s appointments of Richard LeFrak and Steven Roth to oversee efforts.
