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Peter Savio

Oct 6, 2026

12:18
I don't really understand real estate.
12:21
No, but I think the first thing to understand, and I constantly have this problem with people, is we all have perceived ideas about real estate and what depreciation means, appreciation means, why we buy, why we sell, and the reality is 90% of what we know is not true.
12:41
It's an illusion.
12:42
So when I'm trying to explain a concept, people sit there and go, but no, no, no, that's not how it is.
12:48
No, what you understand is not the whole story.
12:52
At best, instead of a clear picture or a clear reflection in a mirror, you have a cloudy, kind of ghostly looking, you think it's accurate, but it's not.
13:05
So a lot of the book starts with, before you understand the solution, there's a few basic things you need to understand about real estate.

19 MINS LATER

32:39
So

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