It's an issue of speculative mania and masses of lemmings buying in to the "financial freedom" hype you see on here and elsewhere.

The reality, not the hype, is that you need money to invest in real estate. 

And I agree , early in my career I was purchasing the "cheapest" properties trying to get the 2% rule, strictly because that is what Biggerpockets HYPED up .  

Game Stop is back above $250, Bitcoin is over $60,000 and some jackass just bought a .jpg image with an NFT attached to it for $69 million dollars.

If you follow the hype train, it’s going to either derail or Come to a complete stop when it runs out of gas.  

I too was lured into the hype by the Canadian company Keyspire. 

Those that hope for the best but plan for the worst and don't believe the hype tend to do better.At the end of the day each investor can make investments they feel comfortable with based on their knowledge level within certain asset classes.

In my experience, folks who say things like this are:1)Guru snake oil salesman touting huge fantasy profits with zero risk trying to lure the next sucker into their scheme, or2)Are so full of themselves and enamored with their own investment greatness that they have bought into their own hype and actually believe that what they are doing has no market risk and can't lose, or3)Both 1 & 2 above.If I can alert newbies out there that anyone claiming to be immune from market forces and can't lose money is not to be trusted, admired, emulated, or even taken very seriously, then I have added HUGE value to this forum.

All carrot, no stick.The 38% delinquency I reported from Upstate NY landlords were not published data from over-hyping media, it was based on surveys that member landlords filled out and the results were reported back to the group.If there is a similar survey in June, I will convey those results, too. 

It kills me when people overspend on hyped products.