I feel like a lot of the data shows that both stocks and real-estate don't go up that much at all but rather USD just goes down as it continues to be diluted. Real-estate got the advantage of all the hedge funds buying it up... without that it's definitely a failed bet. I'd say real estate is very risky these days with such inflated prices and houses just sitting around unoccupied posing only as investments. There is a slim but real possibility that hedge funds start dumping real-estate hard and rotating into BTC as the superior asset class.