Replies to post #91755 on Mohacsy's Safe Portfolio Member Forum

[Elroy Jetson]

Boy is this 'Seeking Alpha' quote about O true.

Engineering is a complex field, but it is a field of precision. It uses math and science to deterministically control an outcome.

That level of precision is not possible in real estate. Real estate is about predicting a highly uncertain future and it is therefore an area where even well educated and fully qualified people can make big mistakes.

I had a very contentious session with my Mom's trust attorney regarding which assets my sister and myself are unwilling to inherit when the day comes that my Mom dies.

If you grow up in a family heavily involved in real estate it behooves you to know quite a lot about that industry, managing risk, and real estate law - and better still more about these topics than those you're negotiating with.