No argument from me there.
The boyfriend of my first gallery partner (the boyfriend whose bag of pot was eaten by my dog Sandpaw, so don't get me started, and besides, I thought he was a sleaze) was very keen on real estate; very keen on leveraging, a word I'd not heard before (this was mid seventies), and very keen on Never Sell Property in California. I already liked architecture back then (did as even a kid) but was clueless re the business of it. Heh, still am. I still think he was right on the last one, at least in some districts.
I sold because I had to, and in each case prices escalated. I saw the house next door in Venice lose a huge amount of value (I think it was the early nineties) and then catapult back up and beyond. Still, I'm glad I didn't fall for a mcmansion in the burbs. (I wouldn't have, I don't like that kind of tract design, at all, at all.) The desolate burbs are a crying shame - not that all of them are desolate. And Detroit is still a kind of martyr to our joint pathology.