...and don't forget deal sourcing, tax prep - real estate investing is very labor intensive, vs stock market equities which is point/click and super easy. For

...and don't forget deal sourcing, tax prep - real estate investing is very labor intensive, vs stock market equities which is point/click and super easy. For institutional investors, this is easily amortized but individual retail investors should invest in REITs to avoid over-concentration in a single property.