I'm sure the pensions would certainly like to do the same since they are unable to reach those numbers themselves and rapidly moving into more and more toxic assets to try and make up the difference since they are dramatically underfunded, poorly managed, riddled with corruption, pay an enormous amount of money to Wall Street in the form of unreasonable and usury level management fees, and soon will be our next worldwide crisis that unfolds. 

Here in Ohio 50 million dollar license fee to start a casino.

This is our percentage of the worldwide debt, we have the most debt BY FAR, and it's climbing RAPIDLY.

The man has built an incredible brand recognized worldwide and has sustained that success for over what 25 years.

The main difference between you and I might be that I'm using a property manager to take care of bed bugs and toilets, which goes against your final point about having better luck at a casino.

We have been in a crazy search for yield at the global level with worldwide rates so low and so cash for real estate for the big boys and gals (talking 7/8/9 figures here) became BOTH a profit center and a safety play.

A former Structural enginee:  designed airports, casinos, 1M+ sf industrial buildings.

At the same time, I struggle with the thought that given how low interest rates are worldwide and central banks supporting the markets with their “whatever it takes attitude”, why can’t real estate continue this cycle for another 10yrs?