[nextweek2]

There’s also a survivor bias in real estate.

I know people that invested in property and they either didn’t consider the risks they are taking (not servicing boilers) or the time managing tenants. If you end up with a court case, you are going to shorten your life through stress.

I get it that mortgage money is cheap leverage, but I think the good times on that have run out.

[tim333]

Yeah it has good times and bad times depending on the property market and the government laws of the day and also on the individual. Still over the long term there tends to be a transfer of wealth from the young and hard working to property owners as a class.