I tried to post something along the lines of Davel’s contribution this morning but all these SoCal clouds were giving the satellite signal fits. I don’t think Patrick had much of an opportunity in the Video. Not a good format or interview for such a comlex topic.

I wish he had stuck to the housing bubble and not a theory that says RE is a poor asset class. He wants to buy at a certain point of time, namely after real prices drop 50%. He should leave out that the almost religious view that RE is a poor investment vehicle or that you want to buy it,one or the other. He is already saying he is not going to put his money where his mouth is.

On the other hand, I have never found anything here, by Rich,that systematically dogs RE ownership or even compares it down dramatically against other assets on a historical basis. Even if it didn’t measure up,long term,which I think is very difficult to surmise, it certainly has worked for many people and I am not talking about one bubble. Maybe I missed something in the primer or other posts?