A single house in a single market levered up 5x isn’t the good kind of diversification
Hm, I can see your point. Are you saying because you’ve worked through a back-of-the-envelope calculation, or are you just guessing? (Me, I was just guessing.)
and will make your expected portfolio performance worse.
Do you mean “will make the expected dollar-returns of your portfolio worse”, or are you making a claim about the expected utility-adjusted returns?
Hm, I can see your point. Are you saying because you’ve worked through a back-of-the-envelope calculation, or are you just guessing? (Me, I was just guessing.)
Do you mean “will make the expected dollar-returns of your portfolio worse”, or are you making a claim about the expected utility-adjusted returns?