pair it with joe and hunter saying
"we made 10%"
house flippers
when prices were going up fast they were everywhere
hoping to find someone who has not kept up with the markets
when prices start down they will be underwater and overleveraged real fast
see zillow
they tried flipping on an industrial scale
rising costs to fix them after buying stopped them out
not sure about vanguard but blackrock and schroders locked up their real estate reits in 2020
you could not get your investment out
because of all the covid closings ,mainly in the commercial property in the uk
$20 billion locked up
blackstone did the same in 2022
theirs was rental housing and warehouses
$69 billion locked in
micheal burry
"he was right…..just off in the timing"
supposedly he made $100 million and his investors made $700 million
that would be "close enough" for me