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Personal attacks are not warranted here. Also, it's quite common in the US for retired people to have a lot of their retirement savings invested in rental prop
by djrogers 5y ago
Personal attacks are not warranted here.
Also, it's quite common in the US for retired people to have a lot of their retirement savings invested in rental property.
- hedgehog 5y agoThat doesn't read as a personal attack to me. If someone is overexposed to one risky asset due to poor portfolio construction maybe that's just life in the free market? Property owners are getting paid to take on the risk and illiquidity of holding dirt and bricks, it's not risk free and as a taxpayer I don't see why I should bail out peoples' investments. If anyone needs help paying for food, housing, healthcare, etc then let's put the money towards that. There's a reasonable argument that it's unjust that being richer by itself gives you access to better returns but small time landlords are not the worst affected by that.