3 ms·
reits aren't doing well... but you are missing that credit/debt drives the economy not the stock market. And land values are actually the biggest store of wealt
by zzzzzzzza 6y ago
reits aren't doing well... but you are missing that credit/debt drives the economy not the stock market. And land values are actually the biggest store of wealth... and house prices haven't even registered any effects yet.
- lonelappde 6y agoI know you meant land when you said "house prices", but it helps to keep using the correct term to avoid misleading confusion. Houses are terrible money pits. Land (in an economically active location) is a scarce valuable resource. This is important because people overbuild SFH not understanding the expenses, and people ruin their financial lives buying mobile or fake-mobile homes to put on rented land, not understanding that the land is where all the value is.