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Steve congratulations.... This is without doubt one of the best threads I've yet to read here. Thanks so much for sharing your wealth of knowledge with us. It's really opened my eyes up to many new investment paths. Quick question.... your use of DCT to produce distributions. How reliant is...

Now I know this a bit off topic, but beeroll's post on the state of the Japanese RE market was a real eye opener. Call me ignorant and I remember the bubble bursting in the early nineties over there, but why has their market not recovered? Looking at the charts beeroll provided their market...