I like to use quotes around invest because true investing means doing risk and cost vs. return analysis. Buying houses on a whim thinking that appreciation is a sure bet is not “investing.”

I have no sympathy for people who “invested” in houses and are now loosing their shirts.

Sometimes when I drive someplace, I’d swing by and see the new developments. Even now, there are always people who are talking about “investing.”

By the way, I own real estate, but I never thought about “investing” in anything that cost 3X rent to buy.