Real Estate vs. S&P 500 during recession

this is probably generally true given that you can "use" real estate and that prices are less volatile generally. but given that this recession is largely caused by an RE Bubble who knows?

That's kind of obvious, isn't it. Real estate isn't down 34% this year like the SPX. It didn't rise 29% either in 2003 when the SPX did.

Last week the s&p was up 5%, but before it being up it was at the same level it was at in 1998.

So, maybe it was random, maybe it was for extreme circumstances, but if in 1998 you could have put money into NY real estate or into the S&P, for a 10 year period you would have been better in NY real estate.

Go figure