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> Housing cannot be both affordable and a good investment I've mentioned this to a number of people, one thing I've noticed - most people really don't understa
by chadcmulligan 4y ago
> Housing cannot be both affordable and a good investment
I've mentioned this to a number of people, one thing I've noticed - most people really don't understand compound interest and exponentials well.
- worik 4y agoGolly. > compound interest and exponentials well. They are not magic. Wealth cannot increase exponentially unless it increases exponentially. Exponential growth never continues. People draw lines on graphs and say: "compound interest and exponential growth" without making the connection to reality. You cannot eat interest payments nor lines on graphs.