I am quite opened minded Sour. Consider that boasting about your wealth is not a very productive use of it. Try and put it to some good use that doesn’t involve seeking to put down others who haven’t been as fortunate as yourself. Isn’t that the only point of boasting? Does any good really come to you or anyone when you boast? Think about it please.

I myself do own real estate assets. I think that real estate is a great asset class to invest in as it returns steady cash flow provided it is acquired at a fair price. Not many assets provide reliable cash flow these days. Also, when you own real estate directly you are captain of your ship and can carefully choose how to position your property to meet the market demand. You are better able to control your investment than say if you buy a bundle of Apple stock.

The topic here in probably more geared to residential real estate. I agree that a person should never put themselves in a position where they are stretched to own a home. If you find yourself looking down the barrel of a loaded mortgage that you may have trouble servicing then definitely consider holding off on that purchase. At the same time, however, if you can afford it and intend to reside in your home for a long period of time why hold off on a purchase? It’s not really an investment after all, it is your home, your sanctuary and your family’s nest. There are numerous intangible benefits associated with home ownership that transcend the basic equation of determining whether it’s cheaper or more costly than renting. If you timeline is 10+ years then it’s hard to imagine that you’ll be looking at a return much less than inflation and if you carefully amortize your debt you will have been able to create a nice nest egg for retirement. The fundamentals still exist, but again, don’t stretch yourself to the point where you can’t sleep at night to get into the market. There are plenty of desirable rental options in most major markets where you can rest until you feel more prepared to dive in.