>>>"Joe's career path certainly involves far less risk than his father's, and a higher quality of life."<<<Different risks certainly, not so sure regarding "far less risk". Risk is in the future so we can only speculate. "Office work" as an engineer creates dependencies on others, the benevolence of a corporate employer - my experience has been highly variable. Most engineers I know have re-located more than the average bear and/or travel a ton. All real estate is local, and the buck stops in the mirror.Quality is a relative term. The "value" of features and benefits are in the eyes of the beholder. Some will value air conditioning more than others. Others will prefer independence more than others. If you are saying that over the next x years, an engineering skillset will trade at a premium to real estate values, maybe so. Of course, it will depend on the engineering specialty vs. the specific location and type of real estate.We each have unique temperments, abilities, and thresholds for risk - and that's a wonderful thing!11by the way, if the "thrill of property management" is what irks you, raw land investment/development opportunities could be considered. The dirt is generally well-behaved ... never once called in the night)-
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