 If you have a run-up in the stock market, when you go to sell those, you're always going to pay a long-term capital gains. With real estate, same thing. You have a run-up in real estate. You're going to pay a long-term capital gain, but that depreciation can offset that gain, allowing you to keep more of your money, which ultimately boosts your overall return. And that's why real estate makes sense in portfolios for accredited investors.