> few people realize what it means to sit on a paper loss for 14 years. Not many have the mental fortitude to do that. Partly why real estate is such a big par

> few people realize what it means to sit on a paper loss for 14 years. Not many have the mental fortitude to do that. Partly why real estate is such a big part of most people's net worths (and covered by the OP): it's not marked to market frequently, so it's much easier to hold for decades at a time. If everyone had a ticker they looked at every day where the value of their house was updated real-time, there would be a lot more panic selling.