地产投资总结

 美国的楼市：靠政府担保房贷，兼人为压低利息刺激经济，从而降低借贷成本

日本的楼市：靠政府人为把利息压到接近零来掩盖低效率，从而膨胀起来；

中国的房市：靠城市化加经济高速增长。

随着经济金融全球化，价值投资已经很难做，因为资金流动太容易。大把资金长期堆积在那里，等着升值回报，有时很难判断真价值。唯一能做的是，顺势而为，顺势投资。

RE is an aircraft

Its mortgage is like the aircraft's wing, your income is like the aircraft's thrust.

For a normal aircraft, the lift from its wing is about 15 times of its thrust from its engine. The wing is a level or leverage that scales up the thrust by 15 times to support the weight of the aircraft.

So is the mortgage: it is like the wing that scales up your income to support the value of your property that can be 15 times your income. The thrust helps maintains the aircraft in the air though the wing, likewise your income helps you maintain the property through the mortgage.

On the other hand, the angle of attack (AOA) is altered to increase the lift of the aircraft so that it can fly to higher altitude. Likewise, the interest rate, can be manipulated as the AOA, to increase or decrease the value of  RE, although ,in this case, the pilot is not the owner of the RE, but the central bank.