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> But the measured reality is that home ownership is strongly correlated with wealth Owning a private jet is far more strongly correlated with wealth, but that
by rictic 8y ago
> But the measured reality is that home ownership is strongly correlated with wealth
Owning a private jet is far more strongly correlated with wealth, but that doesn't mean it's a good investment.
- snowwrestler 8y agoOwning a home is correlated with developing wealth. The average person who owns their home will develop higher levels of wealth during their lifetime than the average person who does not. This holds true even for people who start out with very little wealth and use a mortgage to purchase their home.
- wolco 8y agoIt might be if you are renting a private jet monthly for slightly less you could purchase. And for some reason older jets are worth more because they are parked in mature airports.
- slededit 8y agoEveryone is born short housing - you need a place to live. We’re neutral on private jets though. You can get along without them. It’s generally advisable to cover your short positions.