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A comment on How housing became the world’s biggest asset class. Parent comment

Re:How housing became the world’s biggest asset class by SubuSS on Wednesday January 22, 2020 @02:00PM (#22120777)
How come you count inflation for house and not for savings? :)

As others point out, houses can be easily setup in and around the metros to give a steady 3% return not including appreciation. Considering dense living is the future and the house will materially remain through a market downturn, why wouldn't you diversify your portfolio with a few?

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Re:How housing became the world’s biggest asset class by the_gastropod on Wednesday January 22, 2020 @02:06PM (#22120832)
If you have enough money to buy a few metropolitan homes to add "diversification" to your portfolio (you know, well north of a $10 Million net worth), you're not at risk of feeling any sort of pain from major market downturns.

FWIW, broad-market index funds hold REITS, which give you a market-weighted chunk of the RE market. No need to "diversify" into RE. Doing so only skews your portfolio to be overweight in RE.

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