A guy like Lee Sterling will never admit real estate is a bad deal. The lower prices get, the more he’ll be convinced bargains abound. By the time we hit the bottom, he will finally be right. He is like those gold bulls, who were wrong for years, and are now vindicated.

Just curious, how can a realtor’s wife insist on holding 3 rental properties? Does she like owning property more than making money? She feels more financial security holding real estate than holding cash?