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As someone who isn't even claiming to be knowledgeable about finance, I often get asked by many peers why their work is worth so much less than owning assets is
by Roritharr 9y ago
As someone who isn't even claiming to be knowledgeable about finance, I often get asked by many peers why their work is worth so much less than owning assets is. The ownership of a decently placed house can generate as much income as 10 years of training and a full year of work as an engineer. Why?
Is there a comprehensive answer? I can only shrug.
- autokad 9y ago> "ownership of a decently placed house can generate as much income as 10 years of training and a full year of work as an engineer. Why?" that depends on what you mean by 'decently placed'. the right decently placed numbers can win you 400 million dollars in the lottery. i own a house, and i made a 'decently' placed bet and my home increased from 250k to 330k in 5 years. in theory. 80k is great, but over 5 years is no whear near what an engineer can make during that time. and i did PRETTY good. anything else, you are talking about winning the lottery.
- deleted 9y ago[deleted]
- AznHisoka 9y agoBecause a house fulfills one of the basic needs of humans (shelter)?
- justboxing 9y agoThis exactly. Food, clothing and shelter. If your investment provide any of this, you'll make money in and up or down economy.