Failing might mean losing your house.

It's very easy for us to lose sight of these truths and blame performance on over-saturation and legislation.

It's all fun & games, until someone loses money.

Of course the insurance companies will flee California , they are going to lose money if they cant raise the rates to cover the risk , everything else has gone up why cant insurance go up to keep up . 

This has been true about every technological change in the industry - those who fail or refuse to adapt lose while those who embrace new tech win.

Is it fear of losing money?

With real estate, you have to make sure each property is functioning at full capacity or you’ll be losing money.You can analyze properties and be pretty sure (as long as you don't rationalize bad deals into good ones) what your numbers will be. 

Too much to lose besides money 

As those prices fluctuate, there is a builders somewhere putting his feet up waiting to see a market turn more active because the last thing he wants to do is start paying crews to build houses, that could drop in value while he's halfway through the build process and losing equity halfway into the project.

I see so many new investors that lose thousands, sometimes tens of thousands, every year because they make simple mistakes.