People who invest in real estate don't necessarily wait for fools. They wait for someone sees a need to store themselves on the property, someone from a growing population to need something from a limited supply. Meanwhile the real estate can be useful for themselves too.
Only Bitcoin is arguably better than real estate.
People who argue for real estate as better than bitcoin as investment are disingenuous
They conflate investment real estate with residential (utility) real estate
Investment real estate such as commercial RE or multi-dwellings are very risky due to their leverage. They have quantifiable metrics, such as cash flow, operating expenses, cap rates, interest rate risk (most are ARM's)
Everyone on this ET site should be aware of the turmoil in the commercial RE, and the next bomb to go off quite possibly are the CMBS causing more small (regional) bank failures
Even the ultra wealthy are not immune to this debacle, with the BREITS frozen withdrawals, and other such stuff, there's an investment fund that realized hundreds of millions of $ worth of losses in the that sector I'm too lazy to look it up, but someone can google it
The people who are arguing, oh but wait, I live in the house, so it has some usage. If the residential real estate was priced according to the utility, then it would trade at less than half, maybe even less than 1/3rd of its overpriced value
Residential real estate is the biggest bubble waiting for the greater fool to buy higher
Proof? Take a 3 bedroom house that's selling for $1M in a nice neighborhood, and look within 5 mile radius and you can find a 3-bedroom house that's selling for less than $500k in a not so nice neighborhood. Same utility, same roof over your head
If you expand that radius to 1000 miles, then you can find a 3-bedroom house that's over 80% less in price with even bigger land
Here's a $200M discount on a residential real estate that could not find a great fool
https://www.forbes.com/sites/emmare...old-in-the-us-at-295-million/?sh=1974b88817d6
