The truth about real estate

Thanks for sharing your rambling drivel.

#1:

I buy specifically so that I don't have to live in a rental building with nuggitheads like you.

I think people need a place to live and do not only look at real estate as an investment. The ability to renovate and/or alter and make a place his/her own are likely considered very important by those who also choose to own. So basically what I am saying is that they view things on more global basis with other factors beyond investing.

Also - it is never wise to use aggregate data information for real estate which tends to be a very localized market with different outcomes based on unique factors of each location.

nuggitheads?

#1, I don't know the source of your info, but I suspect "real estate" refers to all land and buildings in the US: farmland in ex-farming areas, forested land away from urban areas, dying small towns, etc. etc. This site deals with New York, and mostly Manhattan. Can you provide 100-year average inflation-adjusted returns for Manhattan real estate?

#1- I think we have already arrived there. No one except those making 10x the median income can afford to buy here.

well put #7...

#3, I buy so that #1 can live in a place I designed while I sit on the beach collecting my puny gains...to each his own..