Factor 1: Regardless of the form of real estate investment, the value of the underlying real estate property can affect the performance of the investment. Location is not a critical factor in determining the value of a real estate property. Factor 2: Real estate property has some unique characteristics compared with stocks, bonds and derivatives. These characteristics include heterogeneity and fixed location, high unit value, management intensiveness, high transaction costs, depreciation, sensitivity to the credit market, illiquidity and difficulty of value and price determination. Is Yukee correct to disagree with Moonn for above factors? No, Moonn is correct for Factor 1 BYes, Moonn is incorrect for both Factor 1 and Factor 2. No, Moonn is correct for Factor 2