My friend works at Harvard and can't afford anything.

He is definitely more carnival barker midwit selling to bozos than harvard mba hedge funder selling to blue bloods. 

Plus land is a great inflation hedgeKeep in mind John Hancock and the Harvard endowment are two of the biggest owners and or financers of commercial timberlands in the USin the really good growing zones of the Northwest the timber even if the value of the log stays static ( does not move a ton up or down) the trees GROW so you have more of it.. it equates to a 10 to 14% return COC..

My disgusting tenant is a retired Harvard grad and fully mobile but I guess they don't teach cleanliness or hygiene at Harvard.It's ironic because I have a buddy who's a landlord in Maryland and his tenant literally destroyed his bedroom door, smoked inside, holes in wall, AND didn't pay rent but still had to go through the process, took 1-2 months and ultimately he won the eviction and was awarded damages/backpay but his tenant plead broke so he had to go back to warrant in debt court to garnish his wages which isn't guaranteed but at least he won that too.

As an aside, the asset allocation that seems to have performed best for the US is the modern portfolio theory - it's what the managers for Yale/Harvard/etc have done.

It’s the same story with many other wildly successful college dropouts: Steve Jobs made critical connections before dropping out of Reed, Bill Gates credits a few key connections he made at Harvard to his success starting Microsoft after dropping out.

So when you can tell me how RISING incomes, housing shortage, labor shortages and employers begging for new hires, tons of liquidity all equals a housing "collapse", hey Harvard Princeton and Yale would love to meet because you would be the inventor of a whole new economics system my friend. 

The only places I list my units are on SabbaticalHomes and the universities (Harvard and MIT).

Economic Update(Monday, September 14, 2020)A majority of Los Angeles households face serious financial problems due to the COVID-19 pandemic, with Latinos and Black residents bearing the brunt of the economic pain, according to a new poll conducted by the Robert Wood Johnson Foundation for the Harvard School of Public Health.

I'd be willing to bet that Stanford Business School and Harvard Business School grads have a higher percentage of entrepreneurial success than any other sub-group of people in the world.And many of them don't start businesses right out of college.