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You could pool resources, and start with smaller investments. Personally I don't believe it is really so easy. But that is the narrative of the leeching landlo
by nf8nnfufuu 7y ago
You could pool resources, and start with smaller investments.
Personally I don't believe it is really so easy. But that is the narrative of the leeching landlords.
- kd0amg 7y agoThe claim was that being the owner of high-priced land is easy, not that becoming the owner of high-priced land is easy. Your question is essentially asking why people don't decide to just time the market successfully or inherit valuable estates.
- nf8nnfufuu 7y agoBut that is the point - it was not easy to become owner of those high-priced lands, so maybe it is not fair to simply describe it as leeching and parasitic. People took risks to get there. In the same vein, would you all say people who earn money in the stock market by investing in the right things are just leeches and parasites? When do people deserve anything? Just wondering how deep the socialist attitude runs.
- kd0amg 7y agoThey generally didn't just decide to become wealthy. They got lucky about price movement.
- nf8nnfufuu 7y agoThey got lucky, by taking risks. People who don't take risks want to get their share in the winnings, but not their share in the losses. So investing in something is stupid, because if you are successful you don't deserve it? When is anything deserved?