So what does it to make it in Real Estate?
Do you run away when times are tough?
I don’t know about you, but I know a lot of successful people, as well as some who could have been contenders in Real Estate.
But the contenders tend to talk about the time they could have bought real estate when no one wanted it.
It was going for pennies, they reminisce
Then why didn’t you buy? I ask
From there, the excuses pile up.
The biggest opportunities in real estate are buying when no one can see a future for it.
I made this observation on a big X account that I enjoy following and commenting on, but
after I shared my thoughts, I’m no longer allowed to add my two cents
(Which, to be fair, isn’t that the point? Trying to make sense of things)
He wrote
“Commercial real estate ETF may be a microcosm for the broad market…Tons of debt, empty buildings.”
I responded:
So when are you gonna buy? When are they fully rented? I’ve never met a billionaire who told me, “You know Eric, I went all in real estate when it was fully occupied, and that’s how I made my first billion.”
This is essentially a Cassandra trap in reverse
people will correctly identify distress but use it as a reason to watch instead of act.
The diagnosis is right, the conclusion is wrong. "Empty buildings, tons of debt" is a description of opportunity, not a warning to avoid.
Where did I learn this from?
From a $5000 loss
When I shorted real estate after the market crash, the market popped and I read a headline that bamboozled me
“Soros is short commercial real estate.”
Here is the link
Everyone is saying RUN FOR THE HILLS
It’s over for Blue run states.
Yada Yada Yada
We are all Americans, and I don’t know about you, but I haven’t met a lot of Saints.
So there is a midterm election coming up, and a gubernatorial race in NY that could flip Republican.
The governor can certainly influence, and outright throw out, the smug mayor from NYC.
But once it’s obvious NYC isn’t going to hell, you’re not going to find much of a deal.
Trump is even trying to calm things down, publicizing his buddy-buddy relationship with Mamdani.
Conclusion?
Forget Kalshi or Polymarket, I’m sure a few wealthy traders are taking punts on Vornado REIT, which is trading BELOW September 11, 2001 valuations.
This is how you become a billionaire.
But WAIT
There’s more.
You get your money’s worth with me after a 3-hour stint at the gym and sauna.
Let's dig deeper into what Soros said in his article. The article and himself may have been a bit misleading as to the timing of real-estate and i may not like his politics, but I have never known him to not be informative.
You can learn a lot about investing if you are not in a rush to copy his trades.
Let’s look at this article and summarize some ideas he may have shared
