> Yes. I speak as a person who has repeatedly lost money in real estate. Real estate is hardly a slam-dunk guaranteed money making machine, as plenty of people

> Yes. I speak as a person who has repeatedly lost money in real estate. Real estate is hardly a slam-dunk guaranteed money making machine, as plenty of people in 2008 will attest to. It's a tough business. Just looking at the winners is called confirmation bias. That doesn't really prove your point. Just like you may gain wealth in real estate without having to have created it, you can lose wealth without it being your fault in any way.