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"Have you noticed how nearly all of these so-called expert studies rise to consciousness when the analysts and pundits portray a fiery doom? Conveniently appearing on a downward cycle that is inherent to real estate? Why is it that their crystal balls get so swollen and hazy when values are set to elevate?
It's typical, over-educated, pompous, self-consumed academia with too much time on their hands, too many degrees, far too many cups of latte, and too many capital letters before or after their names (M.D., Ph.D., Dr., D.S, D.A., etc.).
I say, let those people succeed in writing about the market while you succeed in the market.
Remember, these people put food on the table based on their ability to formulate intimidating, Ivy League-sounding and completely biased studies. How dare we doubt them! Yet these experts have yet to earn a single dime through full-time investing in the commodity they profess to be so astute about: real estate.
So, yes, read their gospel (certainly, learn as much as you can--I do), but I ask you this: If you were going to invest your life savings in real estate, who would you choose to advise you, them or me?"
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