There are a lot of "HUGELY" (your reference) wealthy people out there who WILL NOT buy real estate next year…..But… there's a sucker born every minute !!! Maybe your one of them and dont know it yet ?
Gainingwealth and preserving wealth are TWO totally separate things.
Lots of highly compensated, well educated people do dumb things with their money…take doctors for example……Conservatively known as the worst investor, not to call anybody names here, statistically speaking only. (Im sure a lot of doctors are good investors, but I never met one)