There are plenty of publically traded companies that specialize in real estate investing and development. They have millions in assets, their own construction crews, their own appraisers... etc..
Why not just invest in one of those, instead of buying your own real estate?
Unlike what some people have said here, stock investing can be leveraged too, interest is tax deductible as well... not to mention that stocks are also 10x easier to buy and sell, and are 100% maintance free.
In my opinion, if you add everything up, real estate does not offer any better returns on average than stocks.
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