CIO - 3 Risky Office REITs (Dumpster Fire Alert)

2024-03-09 07:00:00 ET

Summary

• Some people make decent money dumpster diving, as seen in a Business Insider article about a couple who make up to $3,000 a month selling their trash treasures.
• The office REIT space is currently under tremendous pressure, reflected in the stock prices of three high-risk office plays: City Office REIT, Orion Office, and Net Lease Office Properties.
• These stocks offer value for investors willing to take on elevated risks, but caution is warranted due to the challenges facing the office real estate sector.

This article was coproduced with Leo Nelissen.

I don’t think anyone has ever used “ dumpster diving ” in a positive context.

However, did you know some people make decent money dumpster diving?

Last year, Business Insider published an article with the interesting title:

“We met dumpster diving 14 years ago and now make up to $3,000 a month selling our trash treasures.”

$3,000 a month is $36,000 a year.

The median household income in the U.S. is roughly $74,600.

However, in addition to getting a serious relationship out of it, it needs to be said that this couple does this as a hobby, as they dive into dumpsters on their way home from work!

“Now we dumpster dive multiple times a week, making stops at dumpsters on the way home from work, and we make $2,000 to $3,000 a month from selling our trash treasures. Some of the money we've earned from dumpster diving has gone toward trips we have planned for Norway and Mexico later this year.” – Business Insider.

The reason we bring this up isn’t to get anyone to jump into dumpsters. It can actually be quite dangerous as people can get exposed to biohazardous matter, broken glass, and a whole range of unsanitary conditions....

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