Did those of us that missed the opportunity after 2008, and most of the appreciation and interest rates of the Trump era just miss the train? 

Federal Debt: Rose 39% during Trump, 25% during Biden. 

Appreciation, and this quote by David Greene really stood out:"Everyone I have ever talked to has always said: Location, Location, Location... buy in the right area, with the right schools... the appreciation you get will trump any bit of cashflow that you thought was important, and you won't have the headaches."

I know here in Illinois the taxes trump Mortgages.

@Donald Wilson Back in the 90’s, many consumer loans had an early payoff calculation done by the method called “Rules of 76”.  

I understand how and why you would defer capital gains forever with a 1031, but I've heard conflicting reports about whether or not depreciation recapture gets moved forward and deferred in a 1031, particularly if you did the "Trump era" 100% depreciation in one year move. 

btw anyone else enjoying Trumps debate:).    

@Margot Weatherford current NOI trumps potential every day, and is the best indicator of where the market is for the asset.

A strong location with solid tenant mix, with strong market dynamics will trump a higher cap rate opportunity in a secondary market over the long-run 100% of the time.

Given all of the Than Merrill discussions, I'm surprised there has been no discussion of Trump University from Donald Trump which was active from 2005 until about 2010.