Why I Don’t Invest in Real Estate

It Won’t Be What It Used To

Tomas Pueyo
11 min readMay 15, 2024

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Real estate has been a great investment for so long that people think it always will be. This is a mistake. I don’t think it will.

Powerful forces have been raising housing prices for decades. But they are now petering out, even reversing. As time passes, housing prices might shrink.

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Tomas Pueyo

2 MSc in Engineering. Stanford MBA. Ex-Consultant. Creator of applications with >20M users. Currently leading a billion-dollar business @ Course Hero