Subject: Re: Dollars
As it happens, that's almost a paraphrasing of Mr Buffett's answer to why he invests in equities and almost never real estate. He noted that mispricing is the norm in equities, and very rare in real estate, so you can get a really good deal pretty often with shares. The downside is that you have to have the personality for it: getting greedy when the mood is panic, and assigning no meaning at all to price fluctuations other than as something to take advantage of.

LOL. You need the same personality for real estate. Know thyself, I guess. I suspect the difference between finding mispricing in real estate between Buffet and myself, is that I am looking at SFH and not huge dollar corporate deals. Simply having three Realtors price out the sale of a home can have drastic differences. I could tell you stories...but have already done that on the old TMF.

IP