idk about the remaining risk, but there's definitely a kind of conservative investor who would be happy for a 6.5% return from a forever holding; also there's no reason to think you couldn't auction it for higher later. (Say, a decade from now when interest rates start falling again). It's a bad time to buy this thing, maybe... if you think you'll fetch higher returns next year. I'm a fan of tobacco, (don't shoot me, I'm a chain smoker, it's my future health plan), but it's just another thing people buy without thinking about what it costs. A lot of people are looking for stability versus maximizing growth. This always gets a bad rap - people think I'm insane for keeping almost all my portfolio in utilities and basic necessary goods. I'm 10% in tech and 10% in retail... the rest is utilities, commodities, real estate, and whatever kicks out at least 4% annual dividends. I'm in my early 40s, and have followed this strategy since my 20s. Could I be richer if I were more aggressive... probably. Although giving my track record in Vegas, maybe not. But I don't try to time the market, I basically never sell anything. I drip dividends and accumulate. I never got struck it rich on a hot ticket but I worked $100k saved in my 20s up to $1m or so now, rotating and seeking dividends.

What I'm trying to say is that for some people, the marginal cost of risk - even from real estate - is worth a few points on a "sure thing". A sure thing is hard to find.