That looks very similar to the PPNs referenced in my post.
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BTW, nobody is disputing that real estate **can be** a good investment. It can also be a very bad investment. When leveraged (you have a mortgage), you stand to lose more than 100% of your investment if you have a recourse loan (and the lender persues it).
What made me question Felix’s statements were the “buy now or be priced out FOREVER” nonsense along with the “you can’t time the market” nonsense added to the “real estate always goes up” nonsense. Those cliches are straight from the trolls’ handbook. There are plenty of people on these RE bubble sites who can debunk those claims over and over and over, again. If Felix were a successful trader, he would know better than to claim that markets can’t be timed. One needn’t pick the absolute tops and bottoms. Just get within 5-10% of them, and you’ll do very well for yourself — it’s easy to do once you leave your emotions out of it and look at the facts/run numbers.
