“DaCounselor, I am always amazed when the old timers like you (and others previously on this board) forget about the cyclical nature of real estate. You guys who made money in real estate are so stuck on it, like super glue, and think just because you made a boat load of money once or twice, you will continue doing so. A lover that was once so sweet surely won’t poison you, will she (hehehehehe). When you keep your money in real estate, isn’t that called “throwing good money after bad”? And isn’t it denial when you dismiss the cyclical nature of real estate?”
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Where in my prior post do I “dismiss the cyclical nature of real estate”? You have quite a knack for creative interpretation, that much is certain.

The value of my real estate holdings has gone up and down over the years. By getting into the game and staying in the game I have acquired a ridiculous amount of net worth for a pretty regular guy. I’ve bought at the top of the market, the bottom of the market and the middle of the market without having any idea (or pretending to have any idea) of where the market was going in the near term.

You are simply confusing a buy-and-hold real estate philosophy with ignorance of real estate cycles. How you make that leap is beyond me. In fact, it is recognition of the very unpredictable nature of market cycles that drives folks like me to buy and go long on quality real estate.