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Instead of being a defeatist, why not just invest in a REIT on Etrade and join the party?
by _red 7y ago
Instead of being a defeatist, why not just invest in a REIT on Etrade and join the party?
- mywittyname 7y agoI think the OP is considering social goods, not personal profit. Society benefits greatly from having low rents.
- zwkrt 7y agoWhat a horrible, misanthropic viewpoint!
- FakeComments 7y agoThe return from a REIT is negative when property values collapse due to social breakdown. I want long term growth on a multi decade scale, ergo, I have to take lower immediate returns to support the ecosystem which generates those returns. Your view is myopic, not perfectly rational. And is an example of what goes wrong with hill climbing algorithms: local gradients can lead to globally unwanted outcomes.