That depends on your definition of "real estate" it doesn't make sense to sell productive land or tenant housing to buy a factory, it does make sense to buy tenant housing and plow the profit from that into buying a factory.It makes business sense to realize production assets. Taking money out of the productive sector and placing it in things like real estate is good business.
But it's crap for society and the long term. The most important job for Hollande, and every other european leader, is to swap that around, so that it makes sense to take money out of real estate and put it into production.
"If it wears trousers generally I don't pay attention."
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