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688: Scott Galloway (Prof G) on Why Smart Investors Stay Away from “Sexy”

BiggerPockets Real Estate Podcast

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I Wouldn't Buy a House Right Now

I wouldn't buy a house right now I just think there's a kind of a standoff between buyers and sellers because the top is sticky. If you have the capital and staying power to survive cycles in real estate, which are very it can be very vicious. The wealthiest families in Manhattan They don't really talk about them. Everyone's obsessed with tech billionaires There's like a handful of families in New York that own all the office buildings. They never sell them they just borrow against them. Those are the people if you look at the fortune 400 or the force 400 outside of people inherited wealth. Are entrepreneurs number one and number two is real estate people? It's just a way to get out

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