infinite capital always means infinite return
(2006-12-26 14:44:19)
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the "gotcha" of real estate _investment_: carry cost,
cost in terms of financing, time and energy consumed in maintaining, managing tenants (it's not uncommon to go to court), etc etc,
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if you are like o4k, with essentially infinite capital, which means infinite waiting time to get to another cycle, and infinite expense pool to hire a few teams to work on inside out remodeling, and infinite reserve to work on remodeling with no rental income
everything is indeed, a piece of cake. Trophy houses in trophy locations?
"Mine!"
(for that matter, trophy wives too...)