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Housing is actually a good business. Otherwise everyone starting from upper middle class families to trillion dollar hedge funds would not clamor to get into it. Also, there might be regulations, but there is also lots of incentives and tax benefits which makes up for it.

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Of course it's a good business. Just not at the price points people can afford.

Watch the video I liked to above. It's about a person that owns a laundromat in SF who wants to convert the building to affordable house. He basically wants to do the right thing, but the regulations make it impossible. It was EYE OPENING for me.

Trillion dollar hedge funds only got into housing recently when they realized NIMBYs would severely limit new construction. Before that speculating on housing didnt make sense.

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