The Buy and Hold Mindset
There&#x27;s also an unmentioned aspect to the real estate to stocks analogy.  There is a spectrum in the types of real estate that is somewhat akin to the spectrum of value stocks to growth stocks to pure speculation based stocks.<p>There are income producing properties such as apartment buildings, duplexes, strip mall commercial real estate in average cities.  These are similar to consumer staples stocks like P&amp;G, Walmart, utilities, etc.  The income is generated via rent from reliable consumer demand.  They are priced for boring cashflow (with high cap rates and low PE) but should endure.<p>There are reliable growth properties in trendy cities that are legitimately and secularly growing where future increases in rents are derived from rising local salaries and demand.  These are like FAANMG stocks.  They are priced for growth (i.e. low cap rates - high PE) - such as Silicon Valley, Seattle, LA, Austin.<p>On the flip side of the spectrum, there is properties which are designed for speculation (and optionally money laundering) not based on any sort of rental income - almost like the physical manifestation of bitcoin.  Think never unoccupied 3rd vacation homes in Miami and New York.  These are like ARK ETFS or crypto coins - both do well in speculative times and see less growth when interest rates go up.