Or the increasingly fast devaluation of the USD (aka inflation).

Want to invest in REI versus sitting on cash being devalued by inflation.2. 

Today I am happy for every single property that I bought.Asset prices are going to continue to go up and probably faster than in the past, because we are entering a phase with generally higher inflation, meaning we are devaluing the dollar faster then we have in the past. 2% are not going to be achievable anymore.

By default the Dollar has to get significantly devalued, which means your future debt decreases in cost significantly. 

Embrace and it play some offense, not defense, and try to beat the dollar devaluation.   

But, when he calls out practices that are common, not just in the syndication world known to bigger pockets, but also institutional owners, public REITs, etc, it devalues his content overall. 

Lots of cash on sidelines devaluing and about to get burned even more.

You allow all this fake crap it devalues the site.

My view on it is that's just the dollar devaluation syndrome after a strong dollar(esp. in 2022), and it'll be a consistent flight to quality unless we divest from a monopolistic tech society which I actually doubt.

Cashflow is always the worst in year one and is bound to grow.You can't always predict appreciation, but inflation (the steady devaluation of the dollar) is pretty dependable.