Not much appreciation on the horizon in either, so make sure you buy right.

And I choose to believe that purchasing it consistently, with a long-term hold horizon, having a healthy fear for near-term volatility regardless of source, and operating professionally is as likely a path to wealth and security for me and my family as any. 

Just make sure you're looking at all the angles over a good 5-10 year horizon.

I know one company that buys big class A to B stuff for 30 million and up.They buy at a 5 to 6 cap and through a 5 year horizon hope to get it to an 8 plus cap with cost savings and rent growth.There are tons of strategies out there. 

It's speculation that history will continue to repeat itself if the stretch the time horizon long enough.  3.)

I also personally prefer to stay completely away from condominiums as they are never truly free and clear due to special assessments that are always lurking on the horizon.

What asset you buy is dependent on your expectations, your opinions on passive vs. active management, your capital, ability and willingness to take/manage risks, liquidity needs and time horizons (amongst many factors). 

Essentially they are saying that over a long time horizon you should be okay.Personally, I think that you should always buy with cash-flow in mind and be in the game for a long time.

Long-term horizons are key.  

I have definitely been able to broaden my own horizons on this whole thing just by being able to write about all of this...