The land market, and the credit created against it, drives the real estate cycle, which drives the economy, which ultimately drives both the stock market and the real estate market.   If you do not understand the land market, then you are blind to the risks and opportunities you are taking when you invest.   By viewing the economy through the lens of the 18-year land cycle, you have an advantage over every other investor.   My good friend Akhil Patel terms it The Secret Wealt

The land market — and the credit created against it — drives the real estate cycle, which drives the economy, which ultimately drives both the stock market and the real estate market. If you don’t understand the land market, you’re blind to the risks and opportunities taken while invest. By viewing the economy through the lens of the 18-year real estate cycle, you have an advantage over every other investor. At the very heart of the real estate cycle, chasing the unearned wea