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I dont know if the statement is correct (and I dont feel like looking), but I heard a real estate investor say that there have never been any widespread 'big corrections' in real estate that compare with equities. Probably more or less true. I've seen a few 20-30% multi-year slides and some temporary 5-10% drops, but never seen anything like 2000 or 1929 in real estate...
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Many an optimist has become rich by buying out a pessimist
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