Commercial Real Estate Is Going to Crash

When we go to the second home example, when people are like, I'm going to buy a property in my favorite ski town or buy the beach and call that an investment. That's not how this works. You're going to find that the management fee is going to be super expensive. These places are very seasonal and people don't really take that into account and really underestimate the rents they're going to get in the off season. So if you're going to go into this, go make your money in a place that you know really well that you've selected for income opportunity and spend that profit on your vacation and your favorite ski town. Love it.