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But with housing that argument only works because there is a scarcity to housing and a fixed entry point. People want to live near London/SF/NYC for work and ma
by yomly 6y ago
But with housing that argument only works because there is a scarcity to housing and a fixed entry point. People want to live near London/SF/NYC for work and maybe because they like cities but the minimum for a place there is like 5-10x salary (or worse...)
How would that apply to the stock market? I suppose BRK.A has never split and now AMZN is getting a little large if you can't buy fractional shares a la RobinHood so then I guess the only parallel would be if we saw some huge stepwise increase followed by a market wide plateau (but no drop). This would cement people's positions of the invested before/after pandemic I suppose
- SpaceRaccoon 6y agoThe theory is that returns approach 0%.