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> one can still come out on top with a profit margin Agreed, but that's rarely extreme wealth. The GP seems to point towards a more feudal situation which, at
by kodablah 9y ago
> one can still come out on top with a profit margin
Agreed, but that's rarely extreme wealth. The GP seems to point towards a more feudal situation which, at least on this side of the pond, doesn't seem to exist. And while land may be a primary inheritance mechanism, most significant gains are realized only after sale.
- ameister14 9y agoThat's not accurate in my experience. I know about a dozen families that have multi-generational wealth maintained in large part through physical property holding and rent/leasing. They are all in cities, though; Cincinnati, Miami, NYC and LA - perhaps that's the difference?