I invest in various rental property type stocks and such because they often offer dividends I like. I don't really mind that they went down a bunch because I personally am not buying them with the goal of selling them, but it has kind of blown my mind watching a few of them lose like 30-40% of their value this past year.
Don't get me wrong, I get recessions and blah blah blah, but I hear more than ever about how the demand for housing has gone up, more houses are being built, and so on. Plus lots of my co workers are buying places and a lot of my online friends talk about it; it feels like a lot of people are interested in buying despite the inflated prices.
…So why did the stocks of the companies related to it drop so much? Wouldn't they be booming since everyone is investing in land?
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