Jeremy was most likely the one thinking in rather short-term horizons, since he expected to be retired by now.

Any rent growth and cap rate compression can be eaten up by resale costs in a 3 to 4 year time horizon to exit.

Also, with higher taxes on the horizon, real GDP might slow which could also limit federal tax revenue.

Did a major employer shut down, are crime rates high, does the city have an improvement or development plan on the horizon, etc.

If they are talking about a bubble in DFW they're speculators and you should probably just pass on them or convince them to look at a longer horizon.

I'll admit the differences are vast: liquidity, level of operational control, volatility in price, time needed to execute/ manage, knowledge/skills/abilities to execute successfully, barriers to entry, risk, potential return, time horizon, investment methods, reinvestment risk.

Good to have horizons expanded.

Consider your investing horizon and whether there are any attractive investment options available right now.

Your time horizon and what you think the stock market will do.It's all just numbers really.

You know what ... and I'm probably going to get in trouble for saying this ... but if I can not vet a prospective tenant because they have no documentation of their identity or credit history, be that a SSN, ITIN, Passport, or a signed and notarized letter from the Governor, and there is no other prospect on the horizon who does ...