The idea of real estate being any kind of a safe haven is misguided. It won't be. As virtual and augmented reality tech becomes more advanced, it will matter less where one physically is, marginally speaking. Commercial real estate in particular could be in for turbulence. Tech is where the money is in the long run.
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I agree. I certainly would put my money into the NASDAQ before real estate. There are some value areas that might be good, industrial parts for example since manufacturing is still going to take place. But overall, the mindset that this is going to be a thriving business over the next few decades could be misguided.
Are people ready for a drastic drop in real estate prices due to, among other things, the variables you mentioned?
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