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I thought postwar America was known for investing in real estate to great wealth-building effect? I’m not sure how worthwhile other time periods are for compari
by weberc2 7y ago
I thought postwar America was known for investing in real estate to great wealth-building effect? I’m not sure how worthwhile other time periods are for comparison as our economy is so much different.
- shadowgovt 7y agoApproximately 65% of Americans own their home.
- weberc2 7y agoI’m not sure what point you’re making, if any. Care to elaborate?
- shadowgovt 7y agoIf the up-thread reference to American real-estate investment implied Americans use real-estate ownership as a retirement nest-egg, the numbers do not bear out that hypothesis---or at least, do not show it's a solution much of America avails itself of. ... and that's ignoring that shocks like the mortgage crisis can happen, which indicates that home ownership isn't as stable a store of value as, say, the US dollar.
- stretchwithme 7y agoSingapore has a better system. They force you to save, but it's your money. You can use it to buy a home. So you don't start getting it back when you're old. It can serve you much earlier. I think the rate of home ownership there is over 90%.