According to the curriculum, we shouldn’t think of the liquidity risk of Real Estate as the same as the liquidity risk of bonds and equities and rather think of the liquidity risk of real estate as the inability to sell the property except at random points in time. What does it mean
If you want to sell stock or bonds, you can keep lowering the price until someone buys it.
With real estate, there are times when you cannot even give it away for free.
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