3 ms·
>There's a lot of fake gains showing up in bank accounts Being able to afford a house, or giving your kids a start in life without having any student load debt
by spaced-out 6y ago
>There's a lot of fake gains showing up in bank accounts
Being able to afford a house, or giving your kids a start in life without having any student load debt to pay off are definitely not "fake" gains.
>reasonably sized homes at inflated prices
How do you know they're inflated? Maybe that's just how much homes in economically productive areas are going to cost from now on.
>Obviously each of the new tech millionaires with 50+% gains COULD cash out and buy, I dunno, a semi-truck full of flatscreen TVs.
The ones that have sense will buy multiple homes, take exotic vacations, and retire early.
- jbay808 6y ago> How do you know they're inflated? Maybe that's just how much homes in economically productive areas are going to cost from now on. My understanding of GP's thesis is that they're inflated because the homes, and even their surrounding neighbourhoods and infrastructure, actually haven't changed meaningfully while the price went way up.
- bpodgursky 6y agoYes